How will the end of the Accord with Venezuela affect the Cuban Economy? Ernesto Hernández-Catá[1] August 2016 Since the beginning of this century Cuba has benefited considerably from an arrangement with Venezuela, whereby Cuba receives oil in exchange for the services of doctors and other professionals. The oil supplied by Venezuela satisfies a […]
Cuba: Is it a Demographic Revolution or a Blip?
During the first 12 years of the XXI century demographic and labor statistics in Cuba could be comfortably summarized as follows: the population is stagnant; there is a fairly constant flow of outward migration; the population of working age is rising very slowly and is beginning to fall. But this scenario of basic stagnation appeared […]
Preparing for a Full Restoration of Economic Relations between Cuba and the United States
The actions announced by the governments of Cuba and the United States on December 17, 2014 will have a limited immediate impact on the Cuban economy. More important consequences will need to await the repeal of the Helms-Burton Act (H-B) by the U.S. Congress. I don’t know when that will happen, but the recent agreement […]
Estimating Disguised Unemployment in Cuba
Notes It has been recognized for decades that Cuba’s predominant state sector is burdened by substantial levels of hidden unemployment, with far-reaching consequences for labor productivity, the fiscal position, and the interpretation of labor market statistics. Three aspects of this problem should be noted: (1) labor productivity and incentives to work are weaker than they […]
The Thinning of Cuba’s State Labor Force Had Slowed, but It Has not Stopped
In the past several years, government policies have resulted in a dramatic change in the composition of Cuba’s labor force. Employment in the state sector plunged by 587 thousand, In the period 2011-2014, about 16% of the state workforce. (See rightmost column of Table 1 and the figure at the end of the paper). […]
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