The evolution of the Maltese economy since independence

Aaron Grech

No WP/05/2015, CBM Working Papers from Central Bank of Malta

Abstract: This paper surveys the performance of the Maltese economy in the first half century since independence. The picture that emerges is of a nation that has benefitted from an extraordinary rate of economic growth and a significant reduction in volatility. The Maltese economy has matured exceedingly rapidly, with cycles of inflation and unemployment becoming much less pronounced and with a consistent underlying downward trend. The economic structure has shifted strongly towards services, which has led to an increased demand for labour that has accommodated the secular rise in female participation.

JEL-codes: E24 E3 H6 N13 (search for similar items in EconPapers)
Pages: 39 pgs
New Economics Papers: this item is included in nep-his and nep-mac
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https://www.centralbankmalta.org/file.aspx?f=11217 First version, 2015 (application/pdf)

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Working Paper: The evolution of the Maltese economy since independence (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:mlt:wpaper:0515

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