This paper seeks to explain the typical behavior of output during the transition from central planning to market in terms of a massive but gradual shift from the state sector to the private sector. The model is illustrated for the countries of the former Soviet Union (FSU) during the 1990s—a period when transitional factors are […]
2005 Preface
This volume of Cuba in Transition brings together papers and selected comments presented at the Fifteenth Annual Meeting of the Association for the Study of the Cuban Economy held in Miami, Florida, in August 2005. For the first time, the meeting took place at the Wolfson Campus of Miami Dade College. The keynote speaker for […]
Output and Productivity in Cuba: Collapse, Recovery, and Muddling Through to the Crossroads
More than a decade after the collapse of central planning in most former communist countries and the disintegration of the USSR, Cuba remains an “island of socialism” in the Caribbean sea, 90 miles from the United States. All along, and in spite of massive economic difficulties, the survival, of “socialism“ has been the authorities’ explicit […]
Felipe Pazos on Cuba’s Transition: 10 Years Later
Ten years ago, Felipe Pazos gave us a valuable tool to help us think about the economic problems of transition in Cuba. Recently I re-read his paper “Problemas económicos de Cuba en el periodo de transición” and asked myself how it had withheld the test of time, focusing particularly on macroeconomic issues and policies. Early […]
The Fall and Recovery of the Cuban Economy in the 1990s: Mirage or Reality
Notes1 The collapse of the Cuban economy in the early 1990s ended abruptly in 1994, gave way to a relatively strong recovery for a couple of years, and then to a period of positive, albeit modest, growth in 1997-98. At least that is the story the official numbers tell. As shown in Figure 1, real […]
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