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Title: The diversification of the Maltese economy
Authors: Grech, Aaron George
Keywords: Economic development -- Malta
Diversification in industry -- Malta
Malta -- Economic conditions
Labor -- Malta
Issue Date: 2015-09
Publisher: Central Bank of Malta
Citation: Grech, A.G. (2015). The diversification of the Maltese economy. Policy note September 2015, Central Bank of Malta.
Abstract: The Maltese economy has evolved very rapidly in recent years and has had a much better performance than neighbouring economies. This has coincided with a large decline in the share of industrial activity and the emergence of a large number of new services operators. Understanding whether this development could be long lasting is an important policy question. In this light, this note focuses on three issues: (i) Has the structure of the Maltese economy shifted over time? (ii) Has this shift made the Maltese economy less diversified? (iii) What could be the main macroeconomic effects of this shift?
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