THE ABSOLUTION OF HISTORY: CUBAN LIVING STANDARDS AFTER 60 YEARS OF REVOLUTIONARY RULE
Six decades ago, Cuba initiated a momentous social and economic experiment. This paper documents the effects of the experiment on Cuban living standards. Before the revolution, Cuban income per capita was on a par with Ireland or Finland. Indeed, Cuba was one of the richest of the Spanish-speaking s...
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| Veröffentlicht in: | Revista de historia económica 2021-03, Vol.39 (1), p.5-36 |
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| description | Six decades ago, Cuba initiated a momentous social and economic experiment. This paper documents the effects of the experiment on Cuban living standards. Before the revolution, Cuban income per capita was on a par with Ireland or Finland. Indeed, Cuba was one of the richest of the Spanish-speaking societies. Growth is glacially slow after the revolution as GDP per capita increased by 40 per cent between 1957 and 2017 equal to an annual growth rate of 0.6 per cent—among the lowest anywhere. To be sure, other dimensions of well-being such as education and health improved, yet broader welfare measures do not change the conclusion that the revolution impoverished Cuba relative to any plausible counter factual. |
| doi_str_mv | 10.1017/S0212610920000233 |
| format | Article |
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historia económica</jtitle><addtitle>RHE / JILAEH</addtitle><date>2021-03-01</date><risdate>2021</risdate><volume>39</volume><issue>1</issue><spage>5</spage><epage>36</epage><pages>5-36</pages><issn>0212-6109</issn><eissn>2041-3335</eissn><abstract>Six decades ago, Cuba initiated a momentous social and economic experiment. 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| source | EZB-FREE-00999 freely available EZB journals; Cambridge University Press Journals Complete |
| subjects | Articles/Artículos Bias Castro, Fidel Consumption GDP Gross Domestic Product Growth rate Human Development Index Income distribution Industrial production Labor force Per capita Purchasing power parity Society Standard of living Welfare |
| title | THE ABSOLUTION OF HISTORY: CUBAN LIVING STANDARDS AFTER 60 YEARS OF REVOLUTIONARY RULE |
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