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The Diversification of the Maltese Economy

Aaron Grech

No PP/02/2015, CBM Policy Papers from Central Bank of Malta

Abstract: The Maltese economy has evolved very rapidly in recent years and has had a much better performance than neighbouring economies. This has coincided with a large decline in the share of industrial activity and the emergence of a large number of new services operators. Understanding whether this development could be long lasting is an important policy question. In this light, this note focuses on three issues: (i) Has the structure of the Maltese economy shifted over time? (ii) Has this shift made the Maltese economy less diversified? (iii) What could be the main macroeconomic effects of this shift?

JEL-codes: E00 N14 O52 (search for similar items in EconPapers)
Pages: 24 pgs
New Economics Papers: this item is included in nep-mac
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