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Annual Report THE ECONOMIC & SOCIAL RESEARCH INSTITUTE ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 1995 The Council of the ESRI is the Institute’s overall governing body and consists of 32 members appointed from the general members of the Institute. The Council meets four times a year. THE COUNCIL MR M.E DOYLE, President PROFESSOR S. MENNELL, Department of Sociology, University College, Dublin MR J. HARFORD, Chairman MR J. MORAN, Chief Executive, Yamanouchi h’eland Company Ltd Chief Executive, Electricity Supply Board MR P. MULLARKEY, PROFESSOR K.A. KENNEDY, Directol, Secretary, Department of Finance MR D. MURPHY, MR K, BONNER, Director General, Central Statistics Office Secretaly, Department of Enterprise & Employment DR E. McCARTHY, MR J. CA\VCLEY, Chairman of the Institute,1990-1995 Managing Partner, Cawley & Company, Solicitors Director, Woodchester Investments plc MR G.T.P. CONLON, MR E. McCUMISKEY, Chairman, ESRI Fund-raising Committee 1995-2000 Secretary, Department of Social Welfare MR S. CROMIEN, MR D. NEVIN, Former Secretaw, Department of Finance Former General Secretary, Irish Congress of Trade Unions IVlR W.B. DILLON, DR T.F. 0 COFAIGH, Chief Executive, Amdahl Ireland Ltd President of the Institute, 1987-1995 PROFESSOR C. FANNING, MR M. O’CONNELL, Department of Economics, University College, Cork Governor, Central Bank of Ireland DR G. GUDGIN, MS M. O’CONNOR, DirectoL Northern Ireland Economic Research Centre Partner, Craig Gardner/Price Waterhouse MR J. HUP, LEY, MR P. O’REILLY, Secretary, Public Service Management Development, Chief Executive, EBS Building Society Department of Finance SIR W.G.H. QUIGLEY, MR A. KANE, Chairman, Ulster Bank Limited Chief Executive, Telecom Eireann PROFESSOR N. SHEEHY, MR KJ. KELLY, Department of Psychology, Group Financial Director, AIB Group plc The Queen’s University of Belfast MR P. LYNCH, DR MJ. SOMERS, Chairman of the Institute, 1983-1988 Chief Executive, National T,easury Management Agency PROFESSOR A. MATrHE\VS, DR T.K. WHITAKER, Department of Economics, Trinity College, Dublin President of the Institute, 1971-1987 MR M.J. MEAGHER, MR P.A. WHITE, Chief Executive, Chairman, Northside Partnership Limited Corporate & Treasury Division, Bank of Ireland Group THE ECONOMIC & SOCIAL RESEARCH INSTITUTE The Executive Committee is a sub-committee of the Council and meets at least eveW two months. It acts as the Institute’s Board of Directors and, in association with the Director and staff, develops the Institute’s programme of research for approval by Council. EXECUTIVE COMMITTEE MR M.F. DOYLE, President MR J. HARFORD, Chairman Chief Executive, Yamanouchi Ireland Company Limited PROFESSOR K.A. KENNEDY, Director Mr MauTqce F. Doyle MR S. CROMIEN, President Former SecretalT, Department of Finance PROFESSOR C. FANNING, Department of Economics, University College, Cork DR E. McCARTHY, Chairman, ESRI, 1990-1995 Director, Woodchester Investments plc MR P. MULLARKEY, Mr J. Harford SecretalT, Department of Finance Chairman MR D. NEVIN, Former General Secretary, Irish Congress of Trade Unions DR T.F. 6 COFAIGH, President, ESRI, 1987-1995 SIR W.G.H. QUIGLEY, Chairman, Ulster Bank Limited PROFESSOR N. SHEEHY, Department of Psychology, The Queen’s University of Belfast MR P.A. WHITE, Chairman, Northside Partnership Limited NOTICE OF ANNUAL GENERAL MEETING Notice is hereby given that the Thirty-Seventh Annual General Meeting of The Economic and Social Research Institute (Limited Company registered in Dublin, Registration No. 18269), will be held at the Registered Office at 4 Burlington Road, Dublin 4, on Tuesday, 25th June 1996 at 2.00 p.m. AGENDA 1. ELECTION OF PRESIDENT 2. MINUTES OF LAST MEETING 3. ACCOUNTS AND BALANCE SHEET FOR THE YEAR ENDED 31 DECEMBER 1995 4. REPORT OF THE COUNCIL TO THE MEMBERS 5. ELECTION OF MEMBERS TO THE COUNCIL 6. FIXING THE AUDITORSr REMUNERATION By order of the Council, J. ROUGHAN, Secretary Registered Office, 4 Burlington Road, Dublin 4 4th June 1996 THE ECONOMIC & SOCIAL RESEARCH INSTITUTE The Economic and Social Research Institute is a non-profit organisation which was founded in 1960 as the Economic Research Institute with the help of a grant from the Ford Foundation of New York. In 1966, following a report by a United Nations special adviser, the Institute assumed responsibility for social research and extended its title to The Economic and Social Research Institute. The Institute is a private company, limited by guarantee, incorporated under the Companies Acts 1908-1990, and enjoys full academic independence. It is governed by a Council consisting of 30 members, in addition to the President and the Directol, appointed from the general members of the Institute and representative of business, trade unions, government departments, state agencies, universities and other resea,’ch institutes. A committee of the Council, the Executive Committee, carries out the functions of the Institute’s Board of Directors. The Institute receives an annual grant-in-aid from the h’ish Government which, in 1995, covered approximately 37 per cent of total expenditure. The remainder of its income is generated from commissioned ,esearch proiects, sponsorship of Institute activities by Irish business, membership subscriptions and sales of publications. The most important resource of the Institute is its high- quality staff with the requisite academic standards, training and expertise. The total number of full- time research staff at the Institute is 40. The results of the Institute’s research have been included in over 500 published reports, in addition to the volumes of the Quarterly Economic Commentary and the Medium-term Review of the Irish Economy, as well as in numerous books, articles in academic journals, etc., published elsewhere. THE ECONOMIC & SOCIAL RESEARCH INSTITUTE eSRI ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 1995 CONTENTS PAGE FOREWORD 1 REPORT OF THE COUNCIL Appendix A(i) CONTRIBUTORS TO THE ESRI FUND-RAISING CAMPAIGN 10 Appendix A(ii) ESRI FUND-RAISING COMMITTEE 1995 11 Appendix B STAFFING 12 Appendix C RESEARCH PROJECTS IN PROGRESS AT 31 DECEMBER 1995 16 Appendix D CORPORATE AND INDIVIDUAL MEMBERS OF THE INSTITUTE 21 The Audited Final Accounts for the Year Ended 31 December 1995 are published separately. A copy of the Final Accounts is circulated with each Annual Report. The Annual Report for the Year Ended 31 December 1995 is supplemented by the Review of ESRI Research in 1995 and by the List of ESRI Publications which are published separately. THE ECONOMIC & SOCIAL RESEARCH INSTITUTE Since this is the last occasion on which I will have the privilege of writing a Preface to the ESRI Annual Report, perhaps I may be permitted to intrude a personal note. I plan to retire as Director of the ESRI in October 1996, having completed 25 years as Director. I would like to thank the many people - far too numerous to mention individually - who gave unstinting support to me and to the Institute over that period. I was fortunate in having an idyllic relationship with the Council and Executive Committee of the Institute. FOREWORD The members of the Executive Committee are all prominent persons who give freely of their time, without any material recompense whatever, to guide and sustain the Institute. In particular, I benefited from the advice, guidance and friendship of a succession of gifted Chairpersons. I am very proud of the staff that has been Professor Kieran a. developed at the Institute - not only the current staff but Kennedy Director also former staff members, many of whom have risen to prominent positions elsewhere in the academic world, public life, and business. The staff are the Institute’s best resource and I would like to pay tribute to the excellent reputation they have built for the Institute. I would like to thank the individual and corporate members of the ESR_I and the many other agencies in both the public and private sectors who have provided financial support to the Institute - either in the form of untied contributions or commissioned research. The Institute has been fortunate in the last ten years in being able to mobilise a succession of outstanding Fund-raising Committees, the members of which gave an immense amount of time to the difficult task of raising funds for the Institute. Finally I would like to thank the media personnel who have given such prominence to the work of the Institute, and who have invariably treated the Institute fairly in their coverage. Procedures are currently in train for the appointment of my successor. I can wish the new Director nothing better than that he/she will enjoy the same universal support that was accorded to me. 1 THE ECONOMIC & SOCIAL RESEARCH INSTITUTE THIRTY-SIXTH ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 1995 REPORT OF THE COUNCIL INTRODUCTION During 1995 twenty-one substantive reports were published either by the Institute or by outside organisations, in addition to papers presented at conferences and seminars, technical and working papers and journal articles. In addition, thirty-nine commissioned reports were completed and fourteen surveys were undertaken for outside organisations. Major research was completed during the year in the areas of economic forecasting, industrial development, the economies of Ireland - North and South - environmental policy issues including solid waste management, sustainable economic development and the costs and benefits of environmental protection, energy utilities and competitiveness and efficiency in energy supplies, regional issues, employment and unemployment, various aspects of education, training, health, housing, the elderly, poverty and social change. In the area of the international environment, the single market in Europe, financial and fiscal policies, the Community Support Framework and its impact on the EU periphew, Europe’s response to unemployment and various issues in the development, reform and financing of health care services in OECD and (iv) Banking and Finance: bank developing countries, were major themes. credit and resources, the non- Three very successful conferences were tradable sector; organised by the Institute during 1995.
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