Trend productivity growth has slowed
Foreign-owned firms tend to be more productive
Wages are substantially higher in foreign firms
The share of SMEs adopting innovation strategies is high
Both the firm entry rate and exit rate are low in Ireland
Default rates are high for Irish SMEs
The efficiency of resource allocation is weaker for local firms
A decline in the efficiency of resource allocation has pulled down aggregate productivity
Foreign-owned firms are much less likely to source production inputs from Ireland
Disparities in the sourcing behaviour of foreign and local firms differ by sector
Regulatory barriers are low overall but some barriers to entrepreneurship exist
The cost of construction permits is high in Ireland
Electricity costs are high in Ireland
The costs in the legal services sector are high in Ireland
The investment share of government spending is low
Many Irish firms sell online
Capital productivity has declined sharply in Ireland
The insolvency regime for corporate restructuring is efficient
Reforms to bankruptcy law have reduced penalties for failed entrepreneurs
Financing conditions for SMEs remain tight
The ratio of NPLs net of provisions to capital is high
Venture capital investment is higher than in most other OECD countries
Venture capital finance is concentrated in the middle-development stage in Ireland
The alternative stock exchange platform can be developed further
Funding through the Seed and Venture Capital Scheme is concentrated in certain sectors
Funding through the Microenterprise Loan Fund Scheme is diversified
Irish innovators are less likely to collaborate
Public support to business R&D has increased significantly over recent years
Irish R&D tax incentives are more beneficial for profitable firms
Lifelong learning participation is relatively low
Irish-owned companies in most sectors have reduced employee training
Wages are substantially lower in local firms