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The Fall and Recovery of the Cuban Economy in the 1990's [electronic resource] : Mirage or Reality? Hernández-Catá, Ernesto.

Author/Creator:
Hernández-Catá, Ernesto.
Publication:
Washington, D.C. : International Monetary Fund, 2001.
Format/Description:
Government document
Book
1 online resource (25 p.)
Series:
IMF eLibrary
IMF Working Papers; Working Paper No. 01/48.
IMF Working Papers; Working Paper No. 01/48
Status/Location:
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Local subjects:
Aggregate Productivity. (search)
Capital formation. (search)
Economic growth. (search)
Employment. (search)
Employment data. (search)
Employment growth. (search)
Employment share. (search)
Fiscal and Monetary Policy in Development. (search)
Fixed capital formation. (search)
Gdp deflator. (search)
Gdp growth. (search)
Gross fixed capital formation. (search)
Growth accounting. (search)
Growth of employment. (search)
Growth of labor force. (search)
Industrial employment. (search)
Labor force growth. (search)
Macroeconomic Analyses of Economic Development. (search)
Measurement of Economic Growth. (search)
Overall employment. (search)
Performance and Prospects. (search)
Private employment. (search)
Private sector employment. (search)
Productivity. (search)
Real gdp. (search)
Self-employment. (search)
Share of employment. (search)
Total employment. (search)
Total factor productivity. (search)
Unemployment. (search)
Unemployment rate. (search)
Caribbean. (search)
Cuba. (search)
Latin America. (search)
Summary:
The collapse of the Cuban economy following the cessation of Soviet assistance gave way to a strong recovery in 1994-96. There are three possible explanations for this recovery: (i) that it never took place; (ii) that it reflected a surge in productivity resulting from stabilization and liberalization in 1993-94; or (iii) that it resulted from a favorable aggregate demand shock. The second explanation-the most persuasive-suggests that a strong and durable expansion will probably not be achieved on the basis of present policies, but that the benefits of a full liberalization of the economy are likely to be considerable.
Notes:
Description based on print version record.
Contributor:
Hernández-Catá, Ernesto.
Other format:
Print Version:
ISBN:
1451846746:
9781451846744
ISSN:
1018-5941
Publisher Number:
10.5089/9781451846744.001
Access Restriction:
Restricted for use by site license.