Economy Minister has welcomed the launch of a
new economic model of the North and initial research findings
from it.
The model, which was produced by the Economic and Social Research
Institute (ESRI) and the National Institute of Economic and
Social Research (NIESR), supported by Ibec, provides new insights
into the North's economy. It demonstrates clearly how we benefit
from the all-island economy, our links across these islands and
internationally.
Over the years to come, this new economic model will improve our
understanding of how the economy here operates. However results
already show the importance of sustained investment to enhance
our productivity performance and how we stand to benefit further
from building the all-island economy.
Minister Murphy said: “This is a robust new model
that will help us better understand and reap the benefits of the
All-Ireland economy.
“It will inform our decision making in developing
All-Ireland clusters in high-productivity sectors and emerging
technologies.
“It will help us assess the operation of the Windsor
Framework and maximise the benefits of dual market
access.
“And in an uncertain world, the research report will
provide our policy makers with further tools to assess any future
economic shocks and policy changes.”
Notes to editors:
- A copy of the research report can be found at https://www.esri.ie/publications/modelling-northern-ireland-within-the-context-of-the-all-island-economy