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

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

Research output: Contribution to journalArticle

1 Citation (Scopus)

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 languageEnglish (US)
JournalWorld Economy
DOIs
StateAccepted/In press - Jan 1 2018

Fingerprint

Cuba
performance
embargo
economics
USSR
candidacy
evaluation
evidence
Economic performance
GDP per capita

Keywords

  • Cuban revolution
  • US embargo

ASJC Scopus subject areas

  • Accounting
  • Finance
  • Economics and Econometrics
  • Political Science and International Relations

Cite this

Measuring the role of the 1959 revolution on Cuba's economic performance. / Borges Jales, Hugo; Kang, Thomas H.; Stein, Guilherme; Garcia Ribeiro, Felipe.

In: World Economy, 01.01.2018.

Research output: Contribution to journalArticle

Borges Jales, Hugo ; Kang, Thomas H. ; Stein, Guilherme ; Garcia Ribeiro, Felipe. / Measuring the role of the 1959 revolution on Cuba's economic performance. In: World Economy. 2018.
@article{da5d6e23a8394b1e8823746c05b1b814,
title = "Measuring the role of the 1959 revolution on Cuba's economic performance",
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.",
keywords = "Cuban revolution, US embargo",
author = "{Borges Jales}, Hugo and Kang, {Thomas H.} and Guilherme Stein and {Garcia Ribeiro}, Felipe",
year = "2018",
month = "1",
day = "1",
doi = "10.1111/twec.12609",
language = "English (US)",
journal = "World Economy",
issn = "0378-5920",
publisher = "Wiley-Blackwell",

}

TY - JOUR

T1 - Measuring the role of the 1959 revolution on Cuba's economic performance

AU - Borges Jales, Hugo

AU - Kang, Thomas H.

AU - Stein, Guilherme

AU - Garcia Ribeiro, Felipe

PY - 2018/1/1

Y1 - 2018/1/1

N2 - 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.

AB - 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.

KW - Cuban revolution

KW - US embargo

UR - http://www.scopus.com/inward/record.url?scp=85040745594&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=85040745594&partnerID=8YFLogxK

U2 - 10.1111/twec.12609

DO - 10.1111/twec.12609

M3 - Article

JO - World Economy

JF - World Economy

SN - 0378-5920

ER -