WARD, MARIANNE; DEVEREUX, JOHN - In: The Journal of Economic History 72 (2012) 01, pp. 104-132
We examine Cuban GDP over time and across space. We find that Cuba was once a prosperous middle-income economy. On the eve of the revolution, incomes were 50 to 60 percent of European levels. They were among the highest in Latin America at about 30 percent of the United States. In relative...