The Fall and Recovery of the Cuban Economy in the 1990's : Mirage or Reality? /

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 liberalizati...

Ամբողջական նկարագրություն

Մատենագիտական մանրամասներ
Հիմնական հեղինակ: Hernandez-Cata, Ernesto
Ձևաչափ: Ամսագիր
Լեզու:English
Հրապարակվել է: Washington, D.C. : International Monetary Fund, 2001.
Շարք:IMF Working Papers; Working Paper ; No. 2001/048
Առցանց հասանելիություն:Full text available on IMF
Նկարագրություն
Ամփոփում: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.
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Ֆիզիկական նկարագրություն:1 online resource (25 pages)
Ձևաչափ:Mode of access: Internet
ISSN:1018-5941
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