The Economic and Social Review, Vol. 10, No. 4, 1979
http://hdl.handle.net/2262/68627
2024-03-28T11:36:43ZExtensions to a quantitative analysis of the degree of integration between Irish and UK financial markets
http://hdl.handle.net/2262/68830
Extensions to a quantitative analysis of the degree of integration between Irish and UK financial markets
Geary, R.C.
In a recent issue of this Review, Browne and O'Connell (1978) find a close relationship between the Irish and the UK interest rates simultaneous in time with the magnitudes of the UK fluctuation "completely transmitted to the Irish rate". The authors' methods are well adapted to the discovery of lags (UK rates the earlier, of course) if they exist. A typical conclusion is that the 3-month inter-bank rates are correlated only simultaneously. As regards deposit rates, "If we consider all changes in the UK rates (except for one instance . . .) the average lag in the adjustment of the Irish rate to the UK is just less than five weeks". The data relate to 201 consecutive weeks during the period 1973-1977 and deal with nine types of interest rates for both Ireland and the UK or eighteen series in all. Five pairs were selected for examination, using sophisticated methods of time series analysis. In the latter sense the paper is a pioneer in Ireland... The comments that follow are based on the Browne-O'Connell computer sheets, using methods with which the writer has been associated in his researches or mere commonsense, but avoiding the more esoteric reaches investigated by the authors with which he is unfamiliar. His main objects would be (i) to detect any periodicities in the interest rate weekly time series and (ii) to speculate on the time-lag (in weeks), if any, between changes in Irish rates following those in the UK. The computer data to be used are correlograms and power density spectra (linearly related to the simpler spectral functions used in Section III) for Irish and corresponding UK rates separately, and cross-correlations for a succession of lags between Irish and UK rates ? the UK, of course, leading.
1979-01-01T00:00:00ZRegional development and spatial equity in Northern Ireland
http://hdl.handle.net/2262/68829
Regional development and spatial equity in Northern Ireland
Goodyear, P.M.; Eastwood, D.A.
The paper examines Northern Ireland's `regional strategy? programme, assessing its successes and failures in reducing spatial inequalities in overall social well-being throughout the province. Social well-being is calculated using a widely modified version of Knox's `level of living? index. The present position and recent trends of spatial inequality are reviewed, both between rural and urban areas and within urban areas. The lack of a satisfactory system for monitoring Northern Ireland's regional strategy is also highlighted.
1979-01-01T00:00:00ZPsychological disturbance in Ireland, in England and in Irish emigrants to England - comparative study
http://hdl.handle.net/2262/68828
Psychological disturbance in Ireland, in England and in Irish emigrants to England - comparative study
Cochrane, Raymond; Stopes-Roe, Mary
A community survey involving 200 Irish emigrants to England, 200 natives of England and 200 residents of the Republic of Ireland was conducted to test a number of hypotheses drawn from mental hospital admission statistics. Contrary to the pattern revealed by these statistics, there was significantly less psychological disturbance amongst the immigrants than amongst the natives of England. It was also found that the Irish group had no more symptoms than the English. It is concluded that the high rate of mental hospital admissions among Irish immigrants is attributable to a small, separate group of deteriorated immigrants, rather than reflecting high levels of psychopathology throughout the community.
1979-01-01T00:00:00ZCost of capital to Irish industry - revised estimates
http://hdl.handle.net/2262/68827
Cost of capital to Irish industry - revised estimates
Geary, Patrick T.; McDonnell, Edward
Cost of capital indices, based on those of Geary, Walsh and Copeland (1975), are revised and updated to 1975. The revisions involve the use of different series for the price of new capital goods and the borrowing rate of interest to firms, a more extensive discussion of the cost of capital in cases where the change in the price of capital goods is included, a different treatment of depreciation, and some allowance is made for the effect of IDA grants. An index of the cost of labour inclusive of employers' social welfare contributions is also presented and it is compared to the different measures of the cost of capital. It is concluded that government policies have raised the cost of labour relative to capital.
1979-01-01T00:00:00Z