Political Economy of Secession: Lessons from the Early Years of the Irish Free State

Seán Kenny, Eoin McLaughlin

Research output: Contribution to journalArticlepeer-review

3 Citations (Scopus)
31 Downloads (Pure)

Abstract

We apply insights from the political economy of secession to analyse the early years of the Irish Free State (IFS). The IFS was fortuitous in a debt settlement that enabled it to begin its existence debt free while also receiving financial assistance to quell civil unrest. Yet the IFS was unable to continue to provide the welfare spending inherited from the old regime thereby exacerbating inequality. The IFS also maintained a sterling peg, which led to a milder experience of the depression era. Ultimately, however, the benefits of independence were not forthcoming in the early years of the IFS.

Original languageEnglish
Pages (from-to)48-78
Number of pages31
JournalNational Institute Economic Review
Volume261
DOIs
Publication statusPublished - 2022

Keywords

  • economic history
  • independence
  • Ireland
  • secession

ASJC Scopus subject areas

  • Economics, Econometrics and Finance(all)

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