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Toner, Samantha Kim (2018) The Transmission of External Shocks to the Irish Domestic Economy: A Study of the Relevant Risks Facing Irish Businesses Today. Masters thesis, Dublin, National College of Ireland.
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Abstract
This study aims to examine a series of shocks to key external variables that influence the growth of the Irish domestic economy.
This is achieved by measuring the potential impact external shocks can have on a small, open economy in the context of Ireland by investigating current and relevant scenarios such as Brexit, Donald Trump, and Foreign Direct Investment (FDI).
This paper will focus on the three most impactable variables for Irish businesses under these scenarios which are exchange rates, employment rates and trade.
Irelands domestic economy has proved it is sensitive to external shocks in the wider macro economy. The global financial crisis of 2008 had a significant impact on Ireland and its Celtic Tiger years.
The objective of this study is to help Irish businesses prepare for uncertainties facing the Irish economy today by modelling the potential effects external forces, such as Brexit, will have on the Irish economy. This paper draws on international literature by using scenarios developed by NiESR to create alternative international scenarios for Ireland by incorporating the findings into a new macroeconomic model (COSMO) in an attempt to quantify the results of such external forces (Brexit).
The results aim to highlight a serious of outcomes that can be used to create business and economic strategies to protect the Irish economy.
| Item Type: | Thesis (Masters) |
|---|---|
| Subjects: | H Social Sciences > Economics J Political Science > JN Political institutions (Europe) > European Union H Social Sciences > HG Finance > Investment > Foreign Direct Investment |
| Divisions: | School of Business > Master of Science in International Business |
| Depositing User: | Caoimhe Ní Mhaicín |
| Date Deposited: | 30 Oct 2018 16:37 |
| Last Modified: | 30 Oct 2018 16:37 |
| URI: | https://norma.ncirl.ie/id/eprint/3365 |
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