Structural changes in the Maltese cconomy

Aaron Grech

MPRA Paper from University Library of Munich, Germany

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.

Keywords: small open economy; structural changes; unit labour costs (search for similar items in EconPapers)
JEL-codes: E00 E30 O52 (search for similar items in EconPapers)
Date: 2015-04-13
New Economics Papers: this item is included in nep-mac
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Citations: View citations in EconPapers (2)

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https://mpra.ub.uni-muenchen.de/63649/1/MPRA_paper_63632.pdf revised version (application/pdf)

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