A portfolio analysis of industrial structure

Arbeitspapier

Industrial sectors producing income-elastic products can grow rapidly but are highly vulnerable to fluctuations in the world economy. Policymakers need to take into account this trade-off between output and employment growth over the longer term and volatility in the short to medium term. We bring the principles of portfolio theory to bear on the issue. Our analysis is applied to Irish manufacturing employment where growth has been concentrated in foreign-owned sectors such as Office and Data Processing Equipment, Pharmaceuticals and Professional Instruments. We show that, increased volatility notwithstanding, the country’s hightech FDI-driven strategy has brought the economy’s industrial portfolio closer to the mean-variance efficiency frontier.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: Centre for Economic Research Working Paper Series ; No. WP03/09

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Planning Models; Planning Policy ; Real Estate Markets, Spatial Production Analysis, and Firm Location: General ; Portfolio Choice; Investment Decisions
• Thema: Industrial Structure ; Portfolio Analysis ; Industriestruktur ; Internationale Arbeitsteilung ; Exportdiversifizierung ; Industrielle Beschäftigung ; Irland

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Barry, Frank G. ; Kearney, Colm
• Ereignis: Veröffentlichung
• (wer): University College Dublin, Department of Economics
• (wo): Dublin
• (wann): 2003

Weitere Informationen

• Handle: http://hdl.handle.net/10419/72391
• Letzte Aktualisierung: 10.03.2025, 11:44 MEZ