An Assessment of the Macroeconomic Implications of Foreign and Domestic Labour Supply Shocks in Malta

Germano Ruisi ()
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Germano Ruisi: Central Bank of Malta

No WP/06/2020, CBM Working Papers from Central Bank of Malta

Abstract: Over the recent years Malta has experienced a remarkable increase in its labour force due to a large influx of immigrants and an unprecedented increase in the domestic participation. Driven by the observation of such a phenomenon, this paper aims at assessing the impact of foreign and domestic labour supply shocks on the Maltese economy by estimating a number of structural vector autoregressions (VARs) identified through sign restrictions. The VARs are estimated by using data over the 2004Q1- 2019Q2 period and the results point toward a relevant impact of the identified shocks on domestic production, wages and unemployment as well as on a number of other key variables, e.g., government revenue and expenditure, rents and measures of productivity.

JEL-codes: C11 C32 E32 (search for similar items in EconPapers)
Pages: 38 pgs
Date: 2020
New Economics Papers: this item is included in nep-mac and nep-mig
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:mlt:wpaper:0620

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