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Estimates of output, income value added and employment multipliers for the Maltese economy

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  • Ian P Cassar

    (Central Bank of Malta)

Abstract

The study presents the first published estimates of industry specific multipliers which are derived utilizing a highly disaggregated symmetric input-output table for the Maltese Economy for 2008 which adheres to Eurostat System of National and Regional Accounts (1995). The application of selected input-output models, which are a deterministic class of models, to the symmetric input-output table allows for the estimation of industry specific multipliers. The aim of this study is to derive output, income, value added and employment multipliers at highly disaggregated industry level to study how an exogenous shock to the final demand of each of these industries would affect the Maltese economy.

Suggested Citation

  • Ian P Cassar, 2015. "Estimates of output, income value added and employment multipliers for the Maltese economy," CBM Working Papers WP/03/2015, Central Bank of Malta.
    • Handle: RePEc:mlt:wpaper:0315
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    File URL: https://www.centralbankmalta.org/file.aspx?f=11220
    File Function: First version, 2015
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    References listed on IDEAS

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    1. Jan Oosterhaven & Gerrit Piek & Dirk Stelder, 1986. "Theory And Practice Of Updating Regional Versus Interregional Interindustry Tables," Papers in Regional Science, Wiley Blackwell, vol. 59(1), pages 57-72, January.
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    Cited by:

    1. Guillermo MONTT & Kirsten S. WIEBE & Marek HARSDORFF & Moana SIMAS & Antoine BONNET & Richard WOOD, 2018. "Does climate action destroy jobs? An assessment of the employment implications of the 2‐degree goal," International Labour Review, International Labour Organization, vol. 157(4), pages 519-556, December.
    2. Taheripour,Farzad & Chepeliev,Maksym & Damania,Richard & Farole,Thomas & Lozano Gracia,Nancy & Russ,Jason Daniel, 2021. "Putting the Green Back in Greenbacks : Opportunities for a Truly Green Stimulus," Policy Research Working Paper Series 9742, The World Bank.
    3. Kamal Azza Mohmed, 2018. "Which Sectors Drive Egypt’s Growth And Employment?," Economics, Sciendo, vol. 6(2), pages 57-70, December.
    4. Ian P. Cassar & Adrian Theuma, 2022. "Analysis of Input (Supply) Multipliers for the Maltese Economy on the Basis of the SIOTs for 2010 and 2015," Applied Economics and Finance, Redfame publishing, vol. 9(3), pages 69-81, August.
    5. Brian Micallef, 2016. "Property price misalignment with fundamentals in Malta," CBM Working Papers WP/03/2016, Central Bank of Malta.
    6. Marek Radvanský & Ivan Lichner, 2021. "An alternative approach to the construction of multi-regional input–output tables of the Czech Republic: application of the CHARM method," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 48(4), pages 1083-1111, November.
    7. Ian P.Cassar, 2017. "Assessing structural change in the Maltese economy via the application of a hypothetical extraction analysis," CBM Working Papers WP/01/2017, Central Bank of Malta.
    8. Noel Rapa, 2020. "A Sectoral Model Extension to STREAM," CBM Working Papers WP/08/2020, Central Bank of Malta.

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    More about this item

    JEL classification:

    • C67 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Input-Output Models
    • D57 - Microeconomics - - General Equilibrium and Disequilibrium - - - Input-Output Tables and Analysis

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