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Title: The challenges of productivity growth in the small Island States of Europe : a critical look at Malta and Cyprus
Authors: Camilleri, Silvio John
Falzon, Joseph
Keywords: Economic development -- Malta
Economic development -- Cyprus
Labor market -- Malta
Labor market -- Cyprus
Issue Date: 2013
Publisher: University of Prince Edward Island
Citation: Camilleri, S. J., & Falzon, J. (2013). The challenges of productivity growth in the small Island States of Europe: a critical look of Malta and Cyprus. Island Studies Journal, 8(1), 131-164.
Abstract: This paper looks at productivity growth rates in Malta and Cyprus and proposes policies as to how these island states countries might augment their productivity and competitiveness. We identify three possible growth strategies for the islands: an Innovation-Oriented Economy, a Controlled Input-Cost Economy and an Opportunistic Growth Model. In order to infer which strategy might be best suited to the two states, we conduct a comparative analysis amongst different EU countries in terms of productivity yardsticks. We also evaluate trends in Gross Value Added (GVA), employment levels, and Unit Labour Costs (ULCs) in the most important economic sectors of Malta and Cyprus. The research suggests that a Controlled-Input Cost model may be best suited to most Maltese and Cypriot economic sectors. We then propose a series of possible policies aimed at fostering future growth and competitiveness in the two island states.
ISSN: 17152593
Appears in Collections:Scholarly Works - FacEMABF

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