Malta: Selected Issues

January 20, 2016

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Format: Chicago

Malta: Selected Issues, (USA: International Monetary Fund, 2016) accessed October 6, 2024

Summary

This Selected Issues paper uses a multivariate filter approach to reassess potential output for Malta, given national account data revisions and the ongoing labor market changes. The analysis reveals that the impact of the global financial crisis on potential growth has been short-lived. The analysis of the sources of potential growth reveals that weak total factor productivity growth performance and sizeable investment declines post-global financial crisis have been more than compensated by significant gains in potential employment. Potential employment growth has been the key driver of potential growth in recent years, reflecting growing working age population, and rising labor force participation, particularly among women, albeit starting from low levels.

Subject: Aging, Expenditure, Labor, Labor force participation, Pension spending, Pensions, Population and demographics, Production, Total factor productivity

Keywords: Aging, CR, Financial crisis, Global, IMF staff calculation, Indexation, Indexation mechanism, ISCR, Labor force participation, Malta, MVF method, Pension, Pension spending, Pensions, Retirement age, SME, Staff calculation, Total factor productivity

Publication Details

Pages:

27
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2016/021
Stock No:

1MLTEA2016002
ISBN:

9781498367578
ISSN:

1934-7685

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