Ronan Lyons | Personal Website
Ronan Lyons | Personal Website

Blog

Building a better picture of education’s role in economic development

A newly available dataset on education levels around the world from 1870 to 2010 has allowed economists to test fundamental hypotheses about economic development. This has led to fascinating insights about what causes inequality, population growth and democracy: in each case, education has played a key role. This is an optimistic message as education – unlike for example geography – can be influenced by policy choices. Read more

Ireland’s property market musical chairs

The volume of transactions may be a good indicator of how overheated a property market is. Figures on completions, housing stock and mortgage approvals allow an estimate of the number of transactions by county. The figures for 2005-2008 show a set of counties – including Laois and a mid-west corridor – where almost 30% of properties were traded in that period. Sure enough, these figures correlate very highly with the percentage of properties currently for sale in each county. Read more

Has the news from emerging markets changed? A word cloud Rorschach

A year ago, I dabbled with word clouds to see what headlines about emerging markets might reveal. Doing the same exercise for every quarter since 2006 shows some interesting trends, particularly in 2007 and 2008, where the importance of topics such as risk, growth and crisis changes over time. Early evidence from 2009 suggests – optimistically? – that the overall news from emerging markets now is quite similar to 2006! Read more