tag:blogger.com,1999:blog-2826531655042170344.post4799267562909855907..comments2024-03-26T11:29:52.986+00:00Comments on Economic Incentives: Ireland’s Import PerformanceSeamushttp://www.blogger.com/profile/15679299530222667673noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-2826531655042170344.post-55320089324839323232011-01-11T16:55:29.142+00:002011-01-11T16:55:29.142+00:00Hi Tumbrel,
The import of goods for consumption i...Hi Tumbrel,<br /><br />The import of goods for consumption in the first nine months of 2010 was €10,735 million (see the first table in the post). It is hard to know how much of could be substituted by domestic production.<br /><br />Imports of fuel and oil were close to €4 billion (though obviously not all of this was not private consumption). Road vehicle imports were just over €1 billion. We do import about €3 billion of food but it is unlikely that all of that could be produced here. <br /><br />Imports of clothing and footwear came to another €1.5 billion and our indigenous clothing industry has all but vanished.<br /><br />Imports of consumption goods for the first nine months of the year peaked at €12.5 billion in 2007. For 2010 they were down about 15% to €10.7 billion. Some of this could be due to subsitution to domestic products but I would guess that a large part of it was simply consumption delayed or cancelled.Seamushttps://www.blogger.com/profile/15679299530222667673noreply@blogger.comtag:blogger.com,1999:blog-2826531655042170344.post-61510121449861019772011-01-11T16:43:56.585+00:002011-01-11T16:43:56.585+00:00Hi Niall,
1) I don't think the increase in Cu...Hi Niall,<br /><br />1) I don't think the increase in Customs Duty is that substantial. It went from €208 million in 2009 to €228 million in 2010 - an increase of just 9.6%. This extra €20 million could just reflect a different mix of imports in 2010 rather any "washing through" effect. <br /><br />2) I don't know the answer to this, but it would be interesting ti find out. I would guess that our so-called 'smart economy' does not engage in much R&D.<br /><br />Royalties/License Imports to Q3 2010: €21,119mln<br />Royalties/License Exports to Q3 2010: €958mlnSeamushttps://www.blogger.com/profile/15679299530222667673noreply@blogger.comtag:blogger.com,1999:blog-2826531655042170344.post-83263988696377368492011-01-10T13:33:24.338+00:002011-01-10T13:33:24.338+00:00Again a very interesting post and analysis.
re Co...Again a very interesting post and analysis.<br /><br />re Consumption goods now make up close to 32% of Ireland’s merchandise imports.<br />I estimate from the graph that is about €11 billion. It seems that there is still a lot of scope for home production based on import substitution.Joseph Ryanhttps://www.blogger.com/profile/07581632829548894401noreply@blogger.comtag:blogger.com,1999:blog-2826531655042170344.post-57399074700274330702011-01-08T20:35:59.229+00:002011-01-08T20:35:59.229+00:00Seamus, this is a very interesting post. There are...Seamus, this is a very interesting post. There are just a couple of comments I would make.<br /><br />1) There has been a substantial increase in the level of customs duties paid this year to the Irish Exchequer. While there has been no increase in the consumption of products here (the opposite is true), this would seem to suggest that some of the imports are just being washed through Ireland through as the first point of entry into the EU.<br /><br />2)In relation to R & D, there is a basis on which reasonably accurate analysis could be made in relation to the level of say pharma R & D actually done in Ireland and that is from the Revenue Commissioners. Have the Commissioners ever published an analysis of R & D claims and costs? As the Revenue uses the NACE codes it should be in a position to provide figures up to 2009.Niallnoreply@blogger.com