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La curva de Phillips para la economía cubana. Un análisis empírico

Author

Listed:
  • Malena Portal Boza

    (Universidad Autónoma de Baja California)

  • Duniesky Feitó Madrigal

    (Universidad Autónoma de Baja California)

  • Sergio Valdes

    (Universidad Autónoma de Baja California)

Abstract

This paper analyzes the Phillips curve for the Cuban economy during the period 1990-2009 focusing on the economic crisis of this period derived from the fall of the socialist camp and the disappearance of the Council of Mutual Economic Assistance (CMEA). The results indicate that although the theory of the Phillips Curve was used in many countries to keep unemployment at low levels while high inflation was tolerated, Cuba's experience has shown that a country can have simultaneous inflation and high unemployment.

Suggested Citation

  • Malena Portal Boza & Duniesky Feitó Madrigal & Sergio Valdes, 2015. "La curva de Phillips para la economía cubana. Un análisis empírico," Estudios Regionales en Economía, Población y Desarrollo. Cuadernos de Trabajo de la Universidad Autónoma de Ciudad Juárez. 27, Cuerpo Académico 41 de la Universidad Autónoma de Ciudad Juárez, revised 01 May 2015.
    • Handle: RePEc:cjz:ca41cj:27
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    More about this item

    Keywords

    Phillips Curve; unemployment; inflation; Cuban Economy.;
    All these keywords.

    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • N16 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Latin America; Caribbean
    • P24 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - National Income, Product, and Expenditure; Money; Inflation

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