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A Sectoral Supply-Side Model to Assess the Impact of Labour Market Reforms in Malta

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  • Brian Micallef

Abstract

The Maltese economy recovered strongly after the financial crisis of 2009 and its labour market kept the pace with the rapid evolution of the economy since EU membership. This labour market resilience has to be seen in the context of important labour market reforms undertaken in recent years that have played an important role in raising the Maltese economy¡¯s potential growth rate. This paper presents a novel modelling approach to characterize the supply side of the Maltese economy. The model consists of a matrix transformation method using data on demography, education, labour market statistics from survey and administrative sources and gross value added from the National Accounts. This framework is used to quantitatively assess the economic impact of specific labour market policies, such as those pertaining to education and re-training, active labour market policies and inflows or outflows of workers from the labour market.

Suggested Citation

  • Brian Micallef, 2017. "A Sectoral Supply-Side Model to Assess the Impact of Labour Market Reforms in Malta," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 9(4), pages 105-118, April.
    • Handle: RePEc:ibn:ijefaa:v:9:y:2017:i:4:p:105-118
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    References listed on IDEAS

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    Cited by:

    1. Roberta Montebello & Jude Darmanin, 2021. "Saving behaviour in Malta: Insights from the Household Budgetary Survey," CBM Working Papers WP/04/2021, Central Bank of Malta.

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    More about this item

    Keywords

    supply-side; labour market; reforms; Malta;
    All these keywords.

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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