Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/210813
Authors: 
Grech, Aaron G.
Year of Publication: 
2015
Series/Report no.: 
CBM Working Papers No. WP/05/2015
Publisher: 
Central Bank of Malta, Valletta
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: 
N13
E24
E3
H6
Document Type: 
Working Paper

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