Secular Stagnation: Evidence from the Irish Economy

A over decade after the financial crisis, the global economy has been slow in returning to the growth that was seen in previous recoveries. That in turn has led to the revival of secular stagnation theory. This study \ninvestigates the symptoms of secular stagnation and indeed for the existence of secular stagnation within the Irish economy. The research in this paper is conducted through the quantitative methodological paradigm using 33 years of historical data to investigate for the presence of the symptoms of secular stagnation, as well as to generate a model to test if the symptoms of secular stagnation have a significant effect on Irish growth prospects. The findings of this research paper would imply that there is evidence of the symptoms of secular stagnation within the Irish economy and that these symptoms do have a significant effect on domestic growth prospects. However, the Irish economy continues to grow at a significant rate implying that secular stagnation is not present in the Irish economy at this time.