TY - JOUR
T1 - Cuba’s reform and economic growth
T2 - a comparative perspective with Vietnam
AU - Vidal Alejandro, Pavel
N1 - Publisher Copyright:
© 2015 Taylor & Francis.
PY - 2016/4/2
Y1 - 2016/4/2
N2 - Cuban reform process lags behind the GDP growth reached by the Vietnamese. When comparing the evolution of the different sectors and demand components of GDP, Vietnam has had higher growth rates in all cases, highlighting exports first and investment second. Once the Balance of Payments Constrained Growth model has been estimated, the significant effect of the foreign exchange constraints on growth for both countries is confirmed. However, the Vietnam growth can be explained not only by its export success. International openness, which included the end of the US embargo, and institutional factors also explains the differential of results.
AB - Cuban reform process lags behind the GDP growth reached by the Vietnamese. When comparing the evolution of the different sectors and demand components of GDP, Vietnam has had higher growth rates in all cases, highlighting exports first and investment second. Once the Balance of Payments Constrained Growth model has been estimated, the significant effect of the foreign exchange constraints on growth for both countries is confirmed. However, the Vietnam growth can be explained not only by its export success. International openness, which included the end of the US embargo, and institutional factors also explains the differential of results.
KW - Cuba
KW - Vietnam
KW - balance of payments constraints
KW - export
KW - growth
KW - reform
KW - the US embargo
UR - http://www.scopus.com/inward/record.url?scp=84950104347&partnerID=8YFLogxK
U2 - 10.1080/17487870.2015.1119046
DO - 10.1080/17487870.2015.1119046
M3 - Article
AN - SCOPUS:84950104347
SN - 1748-7870
VL - 19
SP - 148
EP - 165
JO - Journal of Economic Policy Reform
JF - Journal of Economic Policy Reform
IS - 2
ER -
