A Study of Cuba's Material Product System, Its Conversion to the System of National Accounts, and Estimation of Gross Domestic Product Per Capita and Growth Rates PDF Download
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Author: Carmelo Mesa-Lago
Publisher: World Bank Publications
ISBN:
Category : Business & Economics
Languages : en
Pages : 128
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Book Description
This paper presents the results of a survey and critical analysis of Cuban national accounts data. The paper first reviews available Cuban data on the Material Product System (MPS), pointing out their strengths and limitations. Then it carries out a similar analysis with respect to gross domestic product (GDP) estimates based on the System of National Accounts (SNA) and discusses inflation in Cuba and the difficulties in establishing the proper peso/dollar exchange rate. The paper concludes with some judgments regarding the most promising method for establishing Cuban GDP per capita in dollars.
Author: Carmelo Mesa-Lago
Publisher: World Bank Publications
ISBN:
Category : Business & Economics
Languages : en
Pages : 128
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Book Description
This paper presents the results of a survey and critical analysis of Cuban national accounts data. The paper first reviews available Cuban data on the Material Product System (MPS), pointing out their strengths and limitations. Then it carries out a similar analysis with respect to gross domestic product (GDP) estimates based on the System of National Accounts (SNA) and discusses inflation in Cuba and the difficulties in establishing the proper peso/dollar exchange rate. The paper concludes with some judgments regarding the most promising method for establishing Cuban GDP per capita in dollars.
Author: Jorge Perez-Lopez
Publisher: University of Texas Press
ISBN: 1477306285
Category : Political Science
Languages : en
Pages : 217
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Book Description
Analysts attempting to assess economic growth in revolutionary Cuba are faced with two formidable obstacles: (1) official macroeconomic indicators published by the government are scarce and sometimes inconsistent because of frequent changes in the method of calculation; and (2) these indicators are not compatible with those produced by market economies because of differences in national income concepts. Because of these obstacles, it is difficult to analyze the performance of Cuba’s economy over time and to compare its economic performance directly with that of other nations. Using a variant of the method developed by Abram Bergson to estimate the growth rates of the Soviet Union and subsequently applied to centrally planned economies in Eastern Europe, Jorge Perez-López has estimated the growth rate of the Cuban economy in real terms for the 1965–1982 period. His estimated indexes suggest that the Cuban economy expanded at a considerably slower pace than would be implied by official data. By constructing yardsticks of economic performance for revolutionary Cuba that are compatible with those used by Western nations, Perez-López provides for the first time a basis for analyzing the real growth of the Cuban economy during the revolutionary period.
Author: Carmelo Mesa-Lago
Publisher: University of Pittsburgh Pre
ISBN: 9780822970231
Category : History
Languages : en
Pages : 318
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Book Description
Cuban Studies has been published annually by the University of Pittsburgh Press since 1985. Founded in 1970, it is the preeminent journal for scholarly work on Cuba. Each volume includes articles in both English and Spanish, a large book review section, and an exhaustive compilation of recent works in the field.
Author: Georges Alfred Fauriol
Publisher: Transaction Publishers
ISBN: 9781412820820
Category : History
Languages : en
Pages : 484
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Book Description
Fidel Castro's revolution and its foreign policy extensions have been the source of much U.S.-Latin American policy frustration during the last 30 years. Not only the ideological tensions, but the almost global sweep of Cuba's national pretensions have consumed U.S. resources and political capital, and thrust a small island nation to the forefront of global intrigue and crisis. But as this volume shows, there are signs that Cuba's internationalism is now at a crossroads. Fauriol and Loser have gathered together a distinguished group of specialists on Cuba to review principal aspects of Cuba's international relations. Among the new dimensions discussed are shifts in Cuba's African policy, the residual political impact of Grenada, developments in Central America, the aftermath of the Ochoa narcotics episode, and perhaps most significantly, the degree of tension between Cuba and both Moscow and Washington, and leadership succession beyond Castro. A primary issue for Cuba, the authors show, will be its isolation within the Soviet bloc, and its refusal to address Gorbachev's challenges to the status quo. At the very least, Cuba risks becoming an irrelevant anachronism amidst the groundswell of change in the communist world. These and other issues are addressed in a major review of Cuba's position in the world 30 years after its revolution. "Cuba: The International Dimension "will be of interest to researchers and policy makers concerned with Latin America and the Caribbean, as well as those interested in changes in the Third World and communist countries worldwide. Contributors include: Jiri Valenta, Jaime Suchlicki, William Ratliff, Ernest Evans, Juan Benemelis, Gillian Gunn, Scott MacDonald, Michael J. Mazaar, Constantine Menges, Jorge F. Perez-Lopez, Jorge Sanguinetty, Paula J. Pettavino, and Juan M. del Aguila.
Author: Marvin R. Jackson
Publisher:
ISBN: 9780821306376
Category : Business & Economics
Languages : en
Pages : 128
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Book Description
This paper reviews the official estimates of Romania's net material product (NMP) and gross domestic product (GDP) and the underlying methods. It also reviews the data on growth rates of NMP and GDP. The paper identified possible sources for biases in the estimates of levels of NMP or GDP in the agricultural, services and foreign trade sectors and also of the growth rates of overall NMP and GDP. It then considers a few alternative exchange rates to convert the national currency GDP into US dollars and shows resulting per capita GDP numbers in US dollars.
Author: Jorge Perez-Lopez
Publisher: Routledge
ISBN: 1351293583
Category : Business & Economics
Languages : en
Pages : 301
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Book Description
Without doubt, Cuba is facing its most serious economic challenge in nearly thirty-five years of revolutionary rule. There is consensus that as the official, centrally planned economy has faltered, ordinary citizens eke out a living only by engaging in under-the-table, unrecorded, and mostly illegal activities. In fact, this "second economy" is growing by leaps and bounds. This volume sketches the contours of the very complex phenomenon of the second economy of socialist Cuba, and discusses its evolution over time, as well as the role that it may play in the transition to a market economy on the island. The economic crisis of the 1990s has propelled the second economy from behind the scenes to center stage. Not only have black markets mushroomed, but second economy activities connected to the free-market that the Castro government has traditionally discouraged or even prosecuted are now being incorporated into the government's own economic strategy. Self-employment, cultivation of individual plots, and the use of foreign currencies to buy or sell goods, are now promoted with considerable enthusiasm by the leadership. Perez-Lopez examines different ways of thinking about unregulated economic activities that have been set forth in the literature and concludes that the concept of the second economy is the most appropriate for Cuba. He brings together available information from a multitude of sources on the manifestations of the second economy in Cuba and of its operation. Cuba's Second Economy is a timely study of an economic system in crisis. It will be of interest to economists, political scientists, policymakers, and Latin America area scholars.
Author: Alejandro de la Fuente
Publisher: University of Pittsburgh Press
ISBN: 0822987171
Category : History
Languages : en
Pages : 425
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Book Description
Cuban Studies is the preeminent journal for scholarly work on Cuba. Each volume includes articles in English and Spanish and a large book review section. In publication since 1970, and under Alejandro de la Fuente’s editorial leadership since 2013, this interdisciplinary journal covers all aspects of Cuban history, politics, culture, diaspora, and more. Issue 52 contains three dossiers: two on urban Habana and one on understandings of the Cuban Revolution in 1960s Latin America.
Author: Jorge F. Pérez López
Publisher: Transaction Publishers
ISBN: 9781412820929
Category : History
Languages : en
Pages : 246
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Book Description
The economic crisis of the 1990s has propelled the second economy from behind the scenes to center stage. Not only have black markets mushroomed, but second economy activities connected to the free-market that the Castro government has traditionally discouraged or even prosecuted are now being incorporated into the government's own economic strategy. Self-employment, cultivation of individual plots, and the use of foreign currencies to buy or sell goods, are now promoted with considerable enthusiasm by the leadership.
Author:
Publisher:
ISBN:
Category : Communism
Languages : en
Pages : 604
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Book Description
Author: Eliana A. Cardoso
Publisher: MIT Press
ISBN: 9780262031974
Category : Business & Economics
Languages : en
Pages : 178
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Book Description
As once-powerful communist rulers flee their presidential palaces and centralized economies give way to free markets, the future of Latin America's last socialist country hangs in the balance. In a fast-paced style that is both technically sophisticated and admirably free of economic jargon, Eliana Cardoso and Ann Helwege provide a much-needed road map for a peaceful and productive transition from communism to capitalism. They vividly depict the tough choices Cuba faces in the years ahead, and propose a series of reforms to ease Cuba through a transition to capitalism while preserving some legitimate gains--such as those in education and health care--that socialism has provided the Cuban people. The authors begin with the crux of Cuba's predicament: it is an overly centralized single-crop economy that is fast running out of money, as it can no longer depend on privileged trade relations with the former Soviet Union. In this difficult period, Cuba faces the challenge of managing an increasingly chaotic, dysfunctional economy. Is Cuba's transition to capitalism bound to yield another Haiti? Cardoso and Helwege answer with a resounding no. They begin their analysis with a fascinating history of the political roots of Cuba, from Cuban "independence" after the Spanish-American War to the rise of Castro and the development of a socialist economy. After discussing the various economic alternatives reflected in the experience of neighboring countries--models as diverse as Nicaragua, the Dominican Republic, Costa Rica, and Chile--the authors present a systematic program to help Cuba prevent economic decline and political chaos. Their plan involves rapid privatization and the attraction offoreign investment, while providing safeguards against the excesses and inequalities endemic to Latin American capitalism.
