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Kilkenny's economic recovery has come to an end, and the county and broader southeastern region continue to be left economically, according to a new report by the South East Economic Monitor.
The report, prepared by academics from Waterford IT, reveals that despite some signs of improvement, Kilkenny does not enjoy a fair share of the national recovery. According to one of the report's authors, Dr. Ray Griffin, "a weak job market, coupled with less support from state agencies and the absence of a university in the region , indicates the end of Kilkenny's recovery. [19659002] The report, now in its third year of publication, highlights the Kilkenny labor market and the entire Southeast as a cause for concern. The disappointing results continue to be similar to last year 's report, which revealed that Kilkenny was "in a state of relative economic decline."
Despite an impressive decline in the Live Register in Kilkenny ( 17% decrease year-over-year), the lack of creating quality jobs in the county is causing serious concern.
Kilkenny continues to receive less than its fair share of IDA jobs. From 2011 to 2017, IDA created 57,666 net jobs. Kilkenny accounted for less than 0.6% of these net additional jobs, while 2.08% of the Irish population lived there and Kilkenny currently accounts for only 0.37% of IDA jobs.
2018 South East Economic Monitor is available here: https: / /t.co/brPq8YXAhH
……. The weak recovery of the Southeast economy has been out of breath . pic.twitter.com/BwLC6YE0Kt– SE Economic Monitor (@SE_Econ)
July 23, 2018
"Despite some positive job announcements, Kilkenny currently has less than a fifth of IDA jobs that one could expect based on its population and the number of IDA visits in the county has gone from 10 to 6 in 2017, "says another author of the report, Dr. Cormac O. Keeffe
.There is also evidence of the poor quality of the Employment since the tax declarations on work (CAFE, USC and taxes of the self-employed) in Kilkenny are 72% of what one would expect according to the part of the population, which means that more people in the area are paid less.
In terms of area, the Southeast is one of only two regions not to have The SEAPJ has ambitious goal of creating 25,000 additional jobs from 39 in 2020, but since its launch in the third quarter of 2015, only 5,400 new Net laws have been added. [19659002] "What is driving the poor economic performance of the region is a structural issue related to the difficult relationship of the SE with the state.In particular, the very pronounced deficits in the capacity of regional higher education, acute hospital services, IDA-badisted employment lead to ever-lower job quality and international tourism, "says Dr. Griffin.) Dr. Ray Griffin attributes this to to a "weak marketing support from Fáilte Ireland" and a weakening of international access, the services suspended at the Waterford airport and the ferry services being reduced to Rosslare for the benefit of While Enterprise Ireland supports a good portion of the jobs in the region, companies in the region are not very successful in accessing Enterprise Ireland's competitive grants, according to John Casey, one of the most Report
2017 South East Economic Monitor is available here: https://t.co/VWILkVoErT
– SE Economic Monitor (@SE_Econ)
July 1, 2017
"The low level of education in the region makes it very difficult for national business agencies to properly support the Southeast because their program and marketing are focused on graduates, and we have fewer in the southeast. "
According to John Casey:" Higher education remains one of the main reasons for continued poor performance in the region. 2016 census show that the level of education in the Southeast is significantly lower than the national average and leads to a "demographic donut", with a missing generation of 20-45 years now evident in CSO returns.
The lack of human capital is linked to underinvestment in higher education in the region.The report says that this "brain drain" should continue to accelerate with Irish university plans and tec recently announced technologies which concentrate the development of higher education. In the seven universities, to stabilize the population of the region, an additional 7,944 places are required in the region based on universal academic services
READ FULL REPORT HERE
The South East Economic Monitor is a published report from the South. East Network for Economic and Social Research (SENSER), an independent research initiative of two research centers of the Waterford Institute of Technology – the AIB Center for Economic and Commercial Research Flap (AIB-CFBR) ) and the Center for Enterprise Development and Regional Economics (CEDRE).
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