The actions announced by the United States on December 17, 2014 will have a limited immediate impact on the Cuban economy.[1] More important consequences will need to await repeal of the Helms-Burton Act (H-B) and other laws by the U.S. Congress. I don’t know when that will happen, but the recent agreement between Cuba and […]
Why has labor participation fluctuated so much in Cuba?
Cuba’s labor participation rate, the ratio of the labor force to the population of working age, has fluctuated widely over the past 2 1/2 decades. From 1989 to 1994 the rate fell abruptly as the economy went into its post-Soviet depression (see figure below). It bottomed out in 1995-96 as the economy began to recover; […]
The Institutional Structure of Production in the Cuban Economy
This paper presents estimates of Cuba’s gross domestic product (GDP) for the three principal sectors of the economy: the government, the state enterprises, and the non-state sector. It estimates government GDP on the basis of fiscal data and derives non-state GDP from a combination of employment and productivity data. Estimates for the state enterprises’ GDP […]
Why has Cuba Grown so Fast?
During a session of the Annual Conference of the Association for the Study of the Cuban Economy in August 2014, Armando Linde asked a very important question. If Cuba’s workforce is stagnant, if the country’s investment to GDP ratio is one of the lowest in the world, and if total factor productivity growth has been […]
Cuban Exports of Human Capital: Salvation or Misery?
Since the onset of the XXI century Cuba has received billions of dollar in payments for its exports of professional workers—mainly doctors and medical personnel, but also teachers, soldiers and security experts. These professionals were shipped to Venezuela and to some of its satellites, at Venezuela’s expense. I estimate the payments at just over $7 […]
- « Previous Page
- 1
- …
- 3
- 4
- 5
- 6
- 7
- …
- 10
- Next Page »