A Simple Growth Model of the Cuban Economy
نویسنده
چکیده
The objective of this paper is to analyze certain stylized facts of the Cuban economy. The first is the recent policy by the Cuban government to allow the development of a private sector alongside the state sector. The second is the push towards greater industrialization with the development of the port of Mariel. The third is to explore the effects of a decline in fertility in Cuba on its prospects for economic development. Finally, it appears that Cuba's model will consist of closing inefficient state companies and permitting the existence of only a few to remain in order to encourage competition between them and therefore efficiency
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