Note[ref]The authors wish to thank Prof. Maria Dolores Espino and other attendees of the Third Annual Meeting of the Association for the Cuban Economy for their helpful comments.[/ref] I. INTRODUCTION International trade relationships have changed significantly during the past decade. While almost all of the trade liberalization during the preceding forty years occurred in a […]

In this paper we wish to explain certain “stylized facts” of the Cuban economy, both past and present, as well as outline certain features which will be prevalent during a transition to a market economy with private property rights. We employ a “new political economy” or “public choice” framework to understand the effects that economic […]

I. Introduction It seems safe to say after Fidel Castro’s speech of last July 26th in Santiago de Cuba that the island in 1993 is facing the most severe economic crisis since the advent of his regime some 34 years ago. [ref]Since the publication of the Anuario Estadístico 1989, the government of Cuba has not […]

I. Legislation enacted by the Castro Regime; direct and total control of the Registries by the Minister of Justice The first laws of the Cuban government that took power on January 1, 1959, enacted legislation which not only acknowledged the existence of the Registry of Property, but also included provisions which could only be enforced through […]

Introducción En este trabajo se esboza un modelo para implementar la privatización de la propiedad mercantil e industrial en Cuba a la caída del régimen de Fidel Castro. El modelo de privatización que aquí esbozamos es parte integral de un proyecto de reconstrucción nacional que está en preparación. Este modelo da por sentado que la […]