The Geographic Structure of Cuban Imports and the Incidence of Over-Invoicing. Ernesto Hernandez-Cata This note examines the relation between Cuban imports of goods from major trading partners as reported by Cuba’s statistical agency, and exports of goods to Cuba as reported by her partners. At first sight, these numbers should be equal—two faces of the […]
How Will the End of the Accord with Venezuela Affect the Cuban Economy?
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 […]
Understanding Cuba’s Capital Flows
UNDERSTANDING CUBA’S CAPITAL FLOWS[1] Luis R. Luis Cuba has modest access to international capital markets. This in addition to an inactive membership in international financial organizations means capital flows to the island are limited to trade finance and investment from a few partners. Official Cuban data on capital movements is inexistent, even as the […]
Will Stealthy Privatization Rescue the Cuban Economy?
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 […]
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 […]
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