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DC Field | Value | Language |
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dc.contributor.author | Cordina, Gordon | - |
dc.date.accessioned | 2020-10-13T06:23:40Z | - |
dc.date.available | 2020-10-13T06:23:40Z | - |
dc.date.issued | 2008 | - |
dc.identifier.citation | Cordina, G. (2008). Economic resilience and market efficiency in small states. In L. Briguglio, G. Cordina, N Farrugia, & C. Vigilance (Eds.), Small states and the pillars of economic resilience (pp. 131-143). Msida: University of Malta. Islands and Small States Institute & London: The Commonwealth Secretariat | en_GB |
dc.identifier.isbn | 978-99909-49-24-7 | - |
dc.identifier.uri | https://www.um.edu.mt/library/oar/handle/123456789/61625 | - |
dc.description.abstract | Economic resilience is the ability of an economy to withstand and rebound from the effects of adverse shocks. This is dependent upon the efficiency with which resources are allocated and can be reallocated following changes in exogenous conditions. Markets are a key factor in the allocation of resources, be they capital, labour, goods and services. Therefore, the extent to which markets operate efficiently is an important determinant of economic resilience. On the other hand, it is to be considered that instances of market failure are more common in small, vulnerable economies, which consequently have greater need for policy measures aimed at enhancing the efficiency of markets or at replacing them with appropriate mechanisms conducive towards building economic resilience. In this context, it is important to avoid instances of policy failure, which may nevertheless apply to a larger extent in small economies. | en_GB |
dc.language.iso | en | en_GB |
dc.publisher | University of Malta. Islands and Small States Institute & The Commonwealth Secretariat | en_GB |
dc.rights | info:eu-repo/semantics/openAccess | en_GB |
dc.subject | Macroeconomics -- Case studies | en_GB |
dc.subject | Economics -- Legal aspects | en_GB |
dc.subject | Environment -- Economic aspects | en_GB |
dc.subject | Sustainable development | en_GB |
dc.subject | States, Small -- Economic aspects | en_GB |
dc.subject | Small business -- Case studies | en_GB |
dc.title | Economic resilience and market efficiency in small states | en_GB |
dc.title.alternative | Small states and the pillars of economic resilience | en_GB |
dc.type | bookPart | en_GB |
dc.rights.holder | The copyright of this work belongs to the author(s)/publisher. The rights of this work are as defined by the appropriate Copyright Legislation or as modified by any successive legislation. Users may access this work and can make use of the information contained in accordance with the Copyright Legislation provided that the author must be properly acknowledged. Further distribution or reproduction in any format is prohibited without the prior permission of the copyright holder | en_GB |
dc.description.reviewed | peer-reviewed | en_GB |
Appears in Collections: | Small states and the pillars of economic resilience |
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Economic_resilience_and_market_efficiency_in_small_states.pdf | 211.15 kB | Adobe PDF | View/Open |
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