Notes[ref]Thanks to Luis R. Luis, Jorge Sanguinetty and Paul Meo for their helpful comments on a previous draft.[/ref] It has been recognized for decades that Cuba’s predominant state sector is burdened by substantial levels of hidden unemployment, with far-reaching consequences for labor productivity, the fiscal position, and the interpretation of labor market statistics. Three aspects […]
The Thinning of Cuba’s State Labor Force Had Slowed, but It Has not Stopped
In the past several years, government policies have resulted in a dramatic change in the composition of Cuba’s labor force. Employment in the state sector plunged by 587 thousand, In the period 2011-2014, about 16% of the state workforce. (See rightmost column of Table 1 and the figure at the end of the paper). […]
An Update of Cuba’s Balance of Payments
An Update of Cuba’s Balance of Payments[1] Ernesto Hernández-Catá Cuba’s balance of payments has been subject to very long publication delays. In its latest annual report, Cuba’s National Office of Statistics and Information provided figures on current account transactions only through 2012;[2] and data for capital movements have not published for ages. The table […]
Recent Data on Cuba’s Fiscal Position
The Cuban National Statistical Office (ONEI) has recently released data for the fiscal position of the general government, which includes the central, provincial and municipal governments but not the state enterprises. Developments in 2014 Developments in 2014 suggest a moderate relaxation of fiscal policy albeit still within the basic framework of fiscal restraint in place […]
A Guide to Cuba’s New Budget Presentation
There are two kinds of people in any population: those who detest fiscal statistics; and those who are fascinated by them. This note is exclusively addressed to people of the second kind. Every time you look at a new release of budget numbers by the Cuba’s National Statistical Office (Oficina Nacional de Estadística e Información) […]
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