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External constraints on the Cuban economy in the current environment of uncertainty

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  • Palacios C., Juan Carlos

Abstract

This study seeks to explore the external factors that are acting as constraints on the Cuban economy and to identify the main opportunities that are open to it and the main threats that it faces in the current context of uncertainty. In order to accomplish this, a balance-of-payments-constrained growth model is used which, unlike any other model of this type that has been used before, incorporates the effect of the different flows of foreign exchange on the short- and long-run growth paths of the Caribbean economy.

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  • Palacios C., Juan Carlos, 2019. "External constraints on the Cuban economy in the current environment of uncertainty," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), April.
    • Handle: RePEc:ecr:col070:44719
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    3. Thirlwall, Anthony P & Hussain, Mohammed Nureldin, 1982. "The Balance of Payments Constraint, Capital Flows and Growth Rate Differences between Developing Countries," Oxford Economic Papers, Oxford University Press, vol. 34(3), pages 498-510, November.
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    7. J. S. L. McCombie & A. P. Thirlwall, 1994. "Economic Growth and the Balance-of-Payments Constraint," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-349-23121-8, October.
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    9. Vidal Alejandro, Pavel & Fundora Fernández, Annia, 2008. "Trade-growth relationship in Cuba: estimation using the Kalman filter," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), April.
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    Cited by:

    1. Juan Carlos Palacios Cívico, 2022. "Openness processes and new subjectivities: Analysis of the Cuban case," Development Policy Review, Overseas Development Institute, vol. 40(2), March.

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