Product Description
by Jorge Perez-Lopez (Author)
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 Biography
Jorge Perez-López is an international economist who has worked in the Office of International Economic Affairs, Bureau of International Labor Affairs, U.S. Department of Labor. He has also worked as Director of Monitoring at the Fair Labor Association, a collaborative effort among companies, civil society organizations, and universities to improve working conditions in factories around the world.
