En esta investigación usamos una nueva base de datos de producción mensual en 33 bloques de la Faja Petrolífera del Orinoco para estimar el efecto de las sanciones financieras y petroleras sobre la industria petrolera venezolana. Hallamos efectos económica y estadísticamente significativos que indican que en ausencia de sanciones, la producción de la Faja sería entre tres y cinco veces su nivel actual.
Author Archives: Francisco R. Rodríguez
Sanctions and Oil Production: Evidence from Venezuela’s Orinoco Basin
We use the differential access to credit of oil firms in Venezuela’s Orinoco Basin to identify the economic effects of financial and oil sanctions on firm output. Using a panel of monthly firm-level oil production from 2008-2020, we provide estimates showing that financial and oil sanctions led to large losses in oil production among firms which had access to international credit prior to sanctions. The estimated effects explain around half of the output drop experienced in those firms since the adoption of sanctions, and argue that in the absence of sanctions, production in the Basin would be between three to five times its current level.
Imaginar la transición
Una visión cooperativa de la sociedad requerirá mecanismos a través de los cuales los venezolanos de ambos bandos puedan trabajar juntos para abordar los problemas apremiantes del hambre, las enfermedades y las privaciones.
Imagining Transition
A negotiated transition requires finding common ground between those who see their differences as irreconcilable. Unless the parts to Venezuela’s conflict learn to cooperate in addressing the country’s most pressing problems, negotiations are unlikely to yield a stable outcome. More than two years after Juan Guaidó’s decision to assume the powers of the presidency withContinue reading “Imagining Transition”
Have Venezuela Sanctions Failed?
The sanctioning of the Maduro regime may not seek to generate a change in Venezuela. It may rather seek to deter other budding authoritarianisms from developing in the region. Venezuela’s opposition should have no expectations that sanctions will help them recover democracy.
How Biden can clean up Trump’s Venezuela mess
with Jeffrey Sachs. Published on The Hill.
Venezuela’s economic collapse: implications for Latin America and the Caribbean
The United States Helps Venezuela’s Regime Survive
A Ruined Economy Hasn’t Brought Maduro Down. Published in Foreign Affairs
The political economy of Maduro’s economic policies
Sanctions Are Driving Iran and Venezuela Into Each Other’s Arms
Maximum pressure has not destroyed the Iranian economy, and Tehran is now sharing its lessons in resilience with Nicolás Maduro’s beleaguered regime in Caracas. With Esfandyar Batmanghelidj. Originally published in Foreign Policy
