This paper examines the empirical link between the growth of production in a central city and the distribution of income among its residents, by race and ethnicity, within an input-output modeling approach. The specific case of Miami, Florida is considered. The paper reviews the recent historical experience which reveals considerable growth of employment in the […]
The Effect of Learning English on the Earnings of Hispanic Men
Previous work on Hispanic men finds that earnings rise with English proficiency. Several studies have found, in fact, that previously found non-Hispanic/Hispanic earnings differentials can be accounted for completely by differences in English proficiency. We question existing work on two grounds. First of all, the more able are more likely to be proficient at any […]
Lessons from Privatization in Eastern Europe and Latin America
This paper draws some conclusions from the experience with on-going privatization programs in the emerging market economies of Central and Eastern Europe. The experience of these former members of CMEA, the disintegrating communist economic block, is the most relevant for Cuba, also a member of CMEA, with an economy modeled on the central planning and […]
El desarrollo de una economía de mercado: El caso de Cuba
The central topic of this paper is that the implementation of a free-market-oriented economic policy in Cuba should be preceded by finely tuned institutional and legal changes. A careless or dogmatic application of general economic policy principles could generate immediate imbalances that would complicate further implementation of a transition towards a free-market system. The transition […]
Long-Term Objectives and Transitional Policies: A Reflection on Pazos’ Economic Problems of Cuba
I am grateful to Armando Linde and Kent Osband for helpful comments on an earlier draft. The views expressed in this paper are those of the author and in no way represent the official views of the International Monetary Fund. In the first Carlos F. Díaz Alejandro lecture presented before a recent meeting of the […]
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