Oireachtas Joint and Select Committees
Wednesday, 5 July 2023
Committee on Budgetary Oversight
Sovereign Wealth Funds: Discussion (Resumed)
Mr. Matthew McGann:
It is a very good question. I am aware of work done regarding productivity in what was called the superstar firms, the large multinationals. We did some work in the economics division of the Department as part of our joint research programme with the Economic and Social Research Institute, ESRI, probably three years ago which found that the level of productivity in the multinational firms in Ireland is many times higher than the level of productivity in our domestic firms, which is intuitive, if one thinks about the size of the profits in those firms compared with the numbers of workers etc. That is essentially what is driving the productivity measurement. I do not have the details on that to hand but we can certainly send on that paper.
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