Tag Archives: Cuba

Bastos, Geloso and Bologna Pavlik (2026) argue that the US embargo explains less than one-tenth of the difference in per capita income between Cuba and a counterfactual scenario in which the country did not follow socialist economic policies. We show that their results are driven by the use of an elasticity of income to tradeContinue reading “Identifying the effect of the US embargo on the Cuban economy: A comment on Bastos, Geloso, and Bologna Pavlik (2026)”