ASCE

Will Stealthy Privatization Rescue the Cuban Economy?[1] Luis R. Luis   Privatization is a key element of the transition of communist economies towards the market.  This comes about from the need to achieve better allocation of investment and consumption while enhancing growth prospects and the well being of the population.  We take it from repeated […]

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 […]

  Cuba is gradually restructuring its external debt which for decades had been largely in default.  Over the last three years Cuba restructured official debts with Japan, Russia, China and Mexico.  On December 12, 2015 Cuba reached an important accord with 14 of the 20 creditor countries of the Paris Club regarding some $11.1 billion […]

  Scott Brown and Lorenzo Pérez[1]   Introduction   In recent years, the Cuban government has introduced a number of economic reforms, intended to improve economic performance and increase the scope for small-scale private sector activity.  These appear to have been motivated in by the low rate of national investment, limited productivity growth, and poor […]

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). […]