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Cuban Demography And Economic Consequences

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  • Humberto Barreto

    (Department of Economics and Management, DePauw University)

Abstract

This paper highlights and explains the effects of various demographic shocks to the Cuban economy, starting from the baby boom of the early 1960s and the collapse in fertility rates thereafter. The primary contribution is a freely available Excel workbook, PopPyrCuba.xlsm, that enables projections of population age distributions. For Cuba, the future looks bleak. Japan and other rich countries are finding that demographic forces are quite strong and cause serious economic harm. Without a developed market system, Cuba’s economy offers little protection from the coming storm. There are, of course, many challenges facing post-Castro Cuba, but demography may prove to be the most daunting of all.

Suggested Citation

  • Humberto Barreto, 2018. "Cuban Demography And Economic Consequences," Working Papers 2018-01, DePauw University, School of Business and Leadership and Department of Economics and Management.
    • Handle: RePEc:dew:wpaper:2018-01
    as

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    File URL: https://www.depauw.edu/site/learn/dew/wpaper/workingpapers/DePauw2018-01-Barreto-CubaDemographics.pdf
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    References listed on IDEAS

    as
    1. Humberto Barreto, 2018. "Let's put demography back into economics: Population pyramids in Excel," The Journal of Economic Education, Taylor & Francis Journals, vol. 49(1), pages 91-102, January.
    2. F. H. Knight, 1924. "Some Fallacies in the Interpretation of Social Cost," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 38(4), pages 582-606.
    3. Marshall, Alfred, 1920. "Industry and Trade," History of Economic Thought Books, McMaster University Archive for the History of Economic Thought, edition 3, number marshall1920.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    fertility; death; population; simulation; Excel; growth; externality;
    All these keywords.

    JEL classification:

    • A10 - General Economics and Teaching - - General Economics - - - General
    • J10 - Labor and Demographic Economics - - Demographic Economics - - - General

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