IDEAS home Printed from https://ideas.repec.org/p/imf/imfwpa/2001-048.html
   My bibliography  Save this paper

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

Author

Listed:
  • Mr. Ernesto Hernández-Catá

Abstract

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.

Suggested Citation

  • Mr. Ernesto Hernández-Catá, 2001. "The Fall and Recovery of the Cuban Economy in the 1990's: Mirage or Reality?," IMF Working Papers 2001/048, International Monetary Fund.
  • Handle: RePEc:imf:imfwpa:2001/048
    as

    Download full text from publisher

    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=4066
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Emily Morris, 2000. "Interpreting Cuba's External Accounts," Annual Proceedings, The Association for the Study of the Cuban Economy, vol. 10.
    2. Jorge F. Pérez-López, 1995. "Coveting Beijing, But Imitating Moscow: Cuba's Economic Reforms in a Comparative Perspective," Annual Proceedings, The Association for the Study of the Cuban Economy, vol. 5.
    3. Ms. Zuzana Brixiova & Wenli Li & Tarik Yousef, 1999. "Skill Acquisition and Firm Creation in Transition Economies," IMF Working Papers 1999/130, International Monetary Fund.
    4. José F. Alonso & Ralph J. Galliano, 1999. "Russian Oil-For-Sugar Barter Deals 1989-1999," Annual Proceedings, The Association for the Study of the Cuban Economy, vol. 9.
    5. José F. Alonso & Armando M. Lago, 1995. "A First Approximation Model of Money, Prices and Exchange Rates in Revolutionary Cuba," Annual Proceedings, The Association for the Study of the Cuban Economy, vol. 5.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Mario A. González-Corzo, 2007. "Cuban Monetary Reforms and their Relationship with Policies to Attract Remittances During the Special Period," Annual Proceedings, The Association for the Study of the Cuban Economy, vol. 17.
    2. Michael Knogler, 2002. "Arbeitsmarktpolitische Herausforderungen in den Ländern der EU-Beitrittskandidaten," Working Papers 235, Leibniz Institut für Ost- und Südosteuropaforschung (Institute for East and Southeast European Studies).
    3. Volkhart Vincentz & Michael Knogler, 2003. "Szenarien der mittelfristigen Konvergenz der EU-Beitrittsländer Polen, Slowakische Republik und Ungarn," Working Papers 244, Leibniz Institut für Ost- und Südosteuropaforschung (Institute for East and Southeast European Studies).
    4. Chung-Ming Lau & Lowell W. Busenitz, 2001. "Growth Intentions of Entrepreneurs in a Transitional Economy: The People's Republic of China," Entrepreneurship Theory and Practice, , vol. 26(1), pages 5-20, October.
    5. Mikulec Artur & Misztal Małgorzata, 2018. "Does the Type of Business Activity and the Enterprise Location Affect a Firm’S Survival? Results of an Analysis for Natural Persons Conducting Economic Activity in the Łódzkie Voivodship," Econometrics. Advances in Applied Data Analysis, Sciendo, vol. 22(3), pages 23-40, September.
    6. Paul Frijters & Dirk Bezemer & Uwe Dulleck, 2003. "Socialism, Capitalism, and Transition - Coordination of Economic Relations and Output Performance," Paul Frijters Discussion Papers 2003, School of Economics and Finance, Queensland University of Technology.
    7. Zuzana Brixiova & Vera Volchok, 2005. "Labor Market Trends and Institutions in Belarus," William Davidson Institute Working Papers Series wp777, William Davidson Institute at the University of Michigan.
    8. Duranton, Gilles & Haniotis, Toni, 2004. "A comparison between economic systems with an application to transition," Journal of Public Economics, Elsevier, vol. 88(9-10), pages 2125-2157, August.
    9. Brixiova, Zuzana & Li, Wenli & Yousef, Tarik, 2009. "Skill shortages and labor market outcomes in Central Europe," Economic Systems, Elsevier, vol. 33(1), pages 45-59, March.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:imf:imfwpa:2001/048. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: . General contact details of provider: https://edirc.repec.org/data/imfffus.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Akshay Modi (email available below). General contact details of provider: https://edirc.repec.org/data/imfffus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.