Measuring the role of the 1959 revolution on Cuba's economic performance

Hugo Jales; Thomas H. Kang; Guilherme Stein; Felipe Garcia Ribeiro

doi:10.1111/twec.12609

Measuring the role of the 1959 revolution on Cuba's economic performance

Hugo Jales, Thomas H. Kang, Guilherme Stein, Felipe Garcia Ribeiro

Department of Economics

Research output: Contribution to journal › Article › peer-review

11 Scopus citations

Abstract

This paper quantitatively measures the impact of the 1959 Cuban revolution on the country's GDP per capita and exports. We use various policy evaluation methods to obtain a valid counterfactual of Cuba's GDP per capita after the revolution using other Latin American countries as control candidates. We find evidence that regarding both outcomes, the overall impact of the revolution was negative. We also document a negative effect of the economic embargo imposed by the United States and a sizable, positive effect of Cuba's trade agreement with the Soviet Union.

Original language	English (US)
Pages (from-to)	2243-2274
Number of pages	32
Journal	World Economy
Volume	41
Issue number	8
DOIs	https://doi.org/10.1111/twec.12609
State	Published - Aug 2018

Keywords

Cuban revolution
US embargo

ASJC Scopus subject areas

Accounting
Finance
Economics and Econometrics
Political Science and International Relations

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10.1111/twec.12609

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Measuring the role of the 1959 revolution on Cuba's economic performance

Abstract

Keywords

ASJC Scopus subject areas

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