Dáil Éireann Debate, Tuesday - 24 July 2018
1295. Deputy Billy Kelleher asked the Minister for Business, Enterprise and Innovation the details of the jobs multiplier models used for employment forecasts by her Department in Enterprise 2025 Renewed; the exact statistical forecasting model used; and if she will make a statement on the matter. [35128/18]
Amharc ar fhreagraEnterprise 2025 Renewed was published in March 2018 and sets out the ambition for job creation that is sustainable over the longer term. Ireland's enterprise policy is premised on export-led growth, underpinned by innovation, talent and investments in developing attractive locations for business investment and for people to live and work in (place-making).
The enterprise development agencies are responsible for the attraction of foreign direct investment and for the support of start-ups and scaling enterprises that export or have the potential to do so. The exporting sector impacts on the wider economy through re-invested profits and expenditure on wages, materials and services. It also generates significant downstream effects in areas such as sub-supply and secondary employment. This impact can be calculated in terms of a multiplier. Although Enterprise 2025 Renewed does not explicitly refer to a multiplier, the analysis undertaken when the original strategy was being developed in 2015 remains valid.
