This staff working paper follows on from the MTES by outlining a range of possible reforms in the areas of tax policy, access to finance, competition policy, wage competitiveness, labour market activation and human capital. Using the ESRI HERMES model the authors estimate that that this suite of reforms could result in a permanent increase of 1.3 per cent in the level of GDP by 2020 relative to the baseline forecast set out in the SPU in April. The reforms would also add 26,000 jobs relative to baseline forecasts.
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