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The employment–population nexus and implications for sustainable economic development: insights from Irish regions using a partial adjustment model
McCarthy, Nóirín; O'Connor, Marie; Doran, Justin
In this paper, we use a partial adjustment model to analyse the relationship between employment and population growth in Irish district electoral divisions. We employ a spatial estimator to augment our partial adjustment model with a spatial lag and spatial error process. Our results indicate a dual relationship between employment and population growth, suggesting that not only do people follow jobs but also jobs follow people. This finding has implications for economic development policies, which typically focus solely on attracting jobs to a location. The results suggest that a dual-pronged approach to policy may be necessary including developing a region's amenities to ensure that it is attractive to people and to stimulate population growth. We highlight how our analysis can be used to inform policy through the lenses of place-based and smart specialisation strategies.
Keyword(s): Partial adjustment model; Ireland; Population; Employment; Smart specialisation; Place-based policy; Determinants
Publication Date:
2016
Type: Journal article
Peer-Reviewed: Yes
Language(s): English
Institution: University College Cork
Citation(s): Doran, J., McCarthy, N. and O’Connor, M. (2017) 'The employment–population nexus and implications for sustainable economic development: insights from Irish regions using a partial adjustment model', International Review of Applied Economics, 31(4), pp. 508-526. doi: 10.1080/02692171.2016.1263608
Publisher(s): Taylor & Francis
File Format(s): application/pdf
First Indexed: 2018-04-19 06:30:08 Last Updated: 2018-04-19 06:30:08