Oireachtas Joint and Select Committees
Wednesday, 21 January 2015
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Annual Growth Survey 2015, Alert Mechanism Report 2015 and An Investment Plan for Europe: Discussion
2:30 pm
Mr. John McCarthy:
It depends on the type of investment undertaken. We published some analysis approximately 18 months ago showing the impact of different types of reform, including changes in labour tax. The analysis included the impact they might have on the economy, the impact on the supply side and the impact on job creation. The specific answer to Deputy Doherty's question is that it depends on the type of investment. For example, if we opted to import more trains and so on it would have no impact in terms of job creation because they are sourced from abroad. However, if we do more investment in building and construction then we will get typically more bang for our buck.
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