Minister for Finance welcomes publication of Department of Finance/ESRI Working Paper
Published on
Last updated on
Published on
Last updated on
The Minister for Finance Michael McGrath welcomes the publication of the paper, “A Cross Country Perspective on Irish Enterprise Investment: Do Fundamentals or Constraints Matter” under the Department of Finance’s Joint Research Programme with the ESRI.
This paper examines investment patterns of SMEs across countries after the global financial crisis to determine if there is a difference in behaviour between firms based in Ireland and firms in a selection of other countries. This research utilises the World Bank Enterprise Survey to examine investment patterns of SMEs across countries.
Some key findings:
The complexity of determining the extent to which Irish firms are underinvesting is driven by heterogeneous effects. Understand and monitoring investment requirements over time is going to require extensive data on asset types across firms.
Commenting on the release, Minister for Finance Michael McGrath said:
“The government is committed to supporting a thriving and diverse SME sector in Ireland. This research will add to our understanding of the Irish SME investment environment in comparison to our European counterparts and provide vital evidence to support the advancement of targeted evidence-based policy development.”