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The Venezuelan Economy in the Chávez Years


  • Mark Weisbrot
  • Luis Sandoval


This paper is an update of CEPR’s July 2007 overview of the Venezuelan economy, and includes the latest available data (at the time of publication) for growth, employment, poverty, budget information, and other data. The paper notes continued progress in economic growth, poverty reduction, employment, and health and education indicators.

Suggested Citation

  • Mark Weisbrot & Luis Sandoval, 2008. "The Venezuelan Economy in the Chávez Years," CEPR Reports and Issue Briefs 2008-04, Center for Economic and Policy Research (CEPR).
  • Handle: RePEc:epo:papers:2008-04

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    References listed on IDEAS

    1. Lewis Tracy R. & Reichman Jerome H. & So Anthony D., 2007. "The Case for Public Funding and Public Oversight of Clinical Trials," The Economists' Voice, De Gruyter, vol. 4(1), pages 1-4, January.
    2. DiMasi, Joseph A. & Hansen, Ronald W. & Grabowski, Henry G., 2003. "The price of innovation: new estimates of drug development costs," Journal of Health Economics, Elsevier, vol. 22(2), pages 151-185, March.
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    Cited by:

    1. Kulesza, Marta, 2017. "Inflation and hyperinflation in Venezuela (1970s-2016): A post-Keynesian interpretation," IPE Working Papers 93/2017, Berlin School of Economics and Law, Institute for International Political Economy (IPE).

    More about this item


    Venezuala; Chavez; economy;

    JEL classification:

    • O - Economic Development, Innovation, Technological Change, and Growth
    • E - Macroeconomics and Monetary Economics
    • I - Health, Education, and Welfare
    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity
    • O54 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Latin America; Caribbean
    • E65 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Studies of Particular Policy Episodes
    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
    • E2 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment
    • I3 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty

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