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Structural changes in the Maltese cconomy

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  • Grech, Aaron George

Abstract

Since the global recession that took hold around the first decade of this century, Malta registered a more favourable economic performance than most of the other euro area states. It is difficult to reconcile Malta’s relatively high rate of economic growth with the openness of a small economy facing a hostile external environment. However, this could partly be explained by the pronounced structural changes that occurred in the Maltese economy in the years preceding the crisis, which, although a continuation of the trends observed in the decades since Independence in the mid-1960s, gave a new impetus to the economy.

Suggested Citation

  • Grech, Aaron George, 2015. "Structural changes in the Maltese cconomy," MPRA Paper 63632, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:63632
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    References listed on IDEAS

    as
    1. Grech, Aaron George, 2004. "Estimating the output gap for the Maltese economy," MPRA Paper 33663, University Library of Munich, Germany.
    2. Grech, Aaron George & Pace, Christopher, 2004. "The adoption of the European System of Accounts 1995 framework in the national accounts of Malta," MPRA Paper 33460, University Library of Munich, Germany.
    3. Aaron G Grech, "undated". "Assessing employment in Malta," CBM Working Papers WP/01/2006, Central Bank of Malta.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Aaron G Grech, "undated". "The evolution of the Maltese economy since independence," CBM Working Papers WP/05/2015, Central Bank of Malta.
    2. Roberta Montebello & Jude Darmanin, 2021. "Saving behaviour in Malta: Insights from the Household Budgetary Survey," CBM Working Papers WP/04/2021, Central Bank of Malta.

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    1. Aaron G. Grech (ed.), 2015. "The evolution of the Maltese Economy since Independence," CBM Ebooks, Central Bank of Malta, edition 1, number 02.
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    3. Grech, Aaron George & Micallef, Brian, 2014. "Assessing the supply of the Maltese economy using a production function approach," MPRA Paper 53882, University Library of Munich, Germany.
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    7. Grech, Aaron George & Grech, Owen & Micallef, Brian & Rapa, Noel & Gatt, William, 2013. "A Structural Macro-Econometric Model of the Maltese Economy," MPRA Paper 46128, University Library of Munich, Germany.
    8. Ilias Georgakopoulos, 2019. "Income and wealth inequality in Malta: evidence from micro data," CBM Working Papers WP/03/2019, Central Bank of Malta.
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    More about this item

    Keywords

    small open economy; structural changes; unit labour costs;
    All these keywords.

    JEL classification:

    • E00 - Macroeconomics and Monetary Economics - - General - - - General
    • E30 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - General (includes Measurement and Data)
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe

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