Structural Changes in the Maltese Economy

Aaron George Grech


Since the Great Recession, Malta has registered a more favourable economic performance than most other euro area states. It is difficult to reconcile this track record with the island’s strong dependence on foreign trade. This article will argue that the enhanced performance of the Maltese economy could partly be explained by the pronounced structural changes that characterised it in the years preceding the crisis. This restructuring underpins a number of strong trends observed during recent years, such as the rise in labour participation, the improvement in the current account balance and the strong increase in unit labour costs. This is the first study for Malta since 2004 to utilise macroeconomic data going back further than 1995.

DOI: 10.5901/mjss.2015.v6n5p423

Full Text: PDF

Licenza Creative Commons
This work is licensed under Creative Commons Attribution 3.0 License.

Mediterranean Journal of Social Sciences ISSN 2039-9340(Print) ISSN 2039-2117(Online)

Copyright © MCSER-Mediterranean Center of Social and Educational Research

To make sure that you can receive messages from us, please add the '' domain to your e-mail 'safe list'. If you do not receive e-mail in your 'inbox', check your 'bulk mail' or 'junk mail' folders..