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The fall and recovery of the Cuban economy in the 1990s : mirage or reality?

Author: Ernesto Hernández-Catá; International Monetary Fund. African Department.
Publisher: [Washington, D.C.] : International Monetary Fund, African Dept., ©2001.
Series: IMF working paper, WP/01/48.
Edition/Format:   eBook : Document : International government publication : EnglishView all editions and formats
Summary:
The collapse of the Cuban economy following the cessation of Soviet assistance gave way to a strong recovery in 194-96. There are three possible explanations for this recovery: (i) that it never took place; (ii) that it refelected a surge in productivity resulting from stabilization and liberalization in 1993-94; or (iii) that it resulted from a favorable aggregae demand shock. The second explanation-the most  Read more...
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Genre/Form: Electronic books
Additional Physical Format: Print version:
Hernández-Catá, Ernesto.
Fall and recovery of the Cuban economy in the 1990s.
[Washington, D.C.] : International Monetary Fund, African Dept., ©2001
(OCoLC)46971977
Material Type: Document, Government publication, International government publication, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Ernesto Hernández-Catá; International Monetary Fund. African Department.
ISBN: 1281331449 9781281331441
OCLC Number: 812484974
Notes: Cover title.
"April 2001"--Page [1].
Description: 1 online resource (24 pages) : illustrations.
Series Title: IMF working paper, WP/01/48.
Responsibility: Ernesto Hernández-Catá.

Abstract:

The collapse of the Cuban economy following the cessation of Soviet assistance gave way to a strong recovery in 194-96. There are three possible explanations for this recovery: (i) that it never took place; (ii) that it refelected a surge in productivity resulting from stabilization and liberalization in 1993-94; or (iii) that it resulted from a favorable aggregae demand shock. The second explanation-the most persuasive-suggests that a strong and durable expansion wil 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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