Comments on: Are more open countries being hit harder in the recession? http://www.ronanlyons.com/2009/04/29/are-more-open-countries-being-hit-harder-in-the-recession/ Irish Economy | World Economy | Property Market | Economic Analysis | Ronan Lyons Fri, 27 Jan 2012 13:32:43 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Ireland's recession, exports, consumption and investment | Ronan Lyons http://www.ronanlyons.com/2009/04/29/are-more-open-countries-being-hit-harder-in-the-recession/comment-page-1/#comment-617 Ireland's recession, exports, consumption and investment | Ronan Lyons Mon, 29 Jun 2009 09:01:14 +0000 http://ronanlyons.wordpress.com/?p=326#comment-617 [...] A common thread through Government statements recently has been that the severity of Ireland’s recession - described by the IMF last week as the worst in the advanced world - is due to Ireland’s openness and reliance on global trade and investment. On the face of it, this argument has some merit: after all, global data do show some link between openness and the depth of the recession this year. [...] [...] A common thread through Government statements recently has been that the severity of Ireland’s recession – described by the IMF last week as the worst in the advanced world – is due to Ireland’s openness and reliance on global trade and investment. On the face of it, this argument has some merit: after all, global data do show some link between openness and the depth of the recession this year. [...]

]]> By: geo8rge http://www.ronanlyons.com/2009/04/29/are-more-open-countries-being-hit-harder-in-the-recession/comment-page-1/#comment-257 geo8rge Tue, 19 May 2009 18:57:23 +0000 http://ronanlyons.wordpress.com/?p=326#comment-257 Iceland - 300,000 people not worth mentioning. India - open and with a population similar to Europe seems to indicate open is not the problem. Mysterious is Central America. I would have thought remitance nations would be in trouble. Perhaps they have something going on. Poland, Greece are doing well, wow? Iceland – 300,000 people not worth mentioning.

India – open and with a population similar to Europe seems to indicate open is not the problem.

Mysterious is Central America. I would have thought remitance nations would be in trouble. Perhaps they have something going on.

Poland, Greece are doing well, wow?

]]> By: ronanlyons http://www.ronanlyons.com/2009/04/29/are-more-open-countries-being-hit-harder-in-the-recession/comment-page-1/#comment-259 ronanlyons Fri, 15 May 2009 15:38:06 +0000 http://ronanlyons.wordpress.com/?p=326#comment-259 Hi Tullaman, I went off and did that regression - openness and income per capita are the two things that stand out as strongly significant. So higher income and more open countries - accounting for economy size and how fast they grew in the global boom - are falling faster this year than other countries. The gorey details are available upon request! Hi Tullaman,

I went off and did that regression – openness and income per capita are the two things that stand out as strongly significant. So higher income and more open countries – accounting for economy size and how fast they grew in the global boom – are falling faster this year than other countries.

The gorey details are available upon request!

]]> By: Baltics, UK and Ireland taxpayers facing the toughest questions « Ronan Lyons | Blog http://www.ronanlyons.com/2009/04/29/are-more-open-countries-being-hit-harder-in-the-recession/comment-page-1/#comment-258 Baltics, UK and Ireland taxpayers facing the toughest questions « Ronan Lyons | Blog Wed, 13 May 2009 07:35:57 +0000 http://ronanlyons.wordpress.com/?p=326#comment-258 [...] Are more open countries being hit harder in the recession? [...] [...] Are more open countries being hit harder in the recession? [...]

]]> By: ronanlyons http://www.ronanlyons.com/2009/04/29/are-more-open-countries-being-hit-harder-in-the-recession/comment-page-1/#comment-256 ronanlyons Thu, 30 Apr 2009 09:10:55 +0000 http://ronanlyons.wordpress.com/?p=326#comment-256 Hi Tullaman, Thanks for visiting and thanks for the comment. Sounds like it's time for some regression-ing, so we can hold factors like income levels constant... I might come back to this on next Wednesday's 'World Economy' post. R Hi Tullaman,

Thanks for visiting and thanks for the comment.
Sounds like it’s time for some regression-ing, so we can hold factors like income levels constant… I might come back to this on next Wednesday’s ‘World Economy’ post.

R

]]> By: Tullaman http://www.ronanlyons.com/2009/04/29/are-more-open-countries-being-hit-harder-in-the-recession/comment-page-1/#comment-255 Tullaman Thu, 30 Apr 2009 08:56:13 +0000 http://ronanlyons.wordpress.com/?p=326#comment-255 I dunno Ronan. Take out Malaysia and the 4 other (more open) countries to the right and it just looks like a blob (ie no correlation whatsoever). Maybe you could say _very_ open countries are now performing badly. Maybe stripping out less advance economies would make the argument more compelling. But really I don't see it - it's just something the Brians like to repeat! I dunno Ronan. Take out Malaysia and the 4 other (more open) countries to the right and it just looks like a blob (ie no correlation whatsoever).

Maybe you could say _very_ open countries are now performing badly.

Maybe stripping out less advance economies would make the argument more compelling. But really I don’t see it – it’s just something the Brians like to repeat!

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