A collection of essays that explore the collapse of economic growth in Venezuela since the 1970s. Essays discuss the relevance of public investment, labor markets, fiscal policy, institutions, politics, and values.
Contents
List of Figures
List of Tables
Chapter 1: Introduction Ricardo Hausmann and Francisco Rodríguez
Chapter 2: Why Did Venezuelan Growth Collapse?
Ricardo Hausmann and Francisco Rodríguez
Chapter 3: Venezuela After A Century of Oil Exploitation
Osmel Manzano
Chapter 4: Public Investment and Productivity Growth in the Venezuelan Manufacturing Industry
José Pineda and Francisco Rodríguez
Chapter 5: The Incidence of Labor Market Reforms on Employment in the Venezuelan Manufacturing Sector 1995–2001
Omar Bello and Adriana Bermúdez
Chapter 6: Understanding Economic Growth in Venezuela: 1970–2005
The Real Effects of a Financial Collapse
Matías Braun
Chapter 7: Much Higher Schooling, Much Lower Wages: Human Capital and Economic Collapse in Venezuela
Daniel Ortega and Lant Pritchett
Chapter 8: Income Distribution and Redistribution in Venezuela
Samuel Freije
Chapter 9: Competing for Jobs or Creating Jobs? The Impact of Immigration on Native-Born Unemployment in Venezuela, 1980-2003
Dan Levy and Dean Yang
Chapter 10: Sleeping in the Bed One Makes: The Venezuelan Fiscal Policy Response to the Oil Boom
María Antonia Moreno and Cameron A. Shelton
Chapter 11: Institutional Collapse: The Rise and Decline of Democratic Governance in Venezuela
Francisco Monaldi and Michael Penfold
Chapter 12: The Political Economy of Industrial Policy in Venezuela
Jonathan Di John
Chapter 13: Explaining Chavismo: The Unexpected Alliance of Radical Leftists and the Military in Venezuela under Hugo Chávez
Javier Corrales
Chapter 14: Oil, Macro Volatility and Crime in the Determination of Beliefs in Venezuela
Rafael Di Tella, Javier Donna, and Robert MacCulloch
Chapter 15: Understanding the Collapse: Venezuela’s Experience in Cross-National Perspective
Ricardo Hausmann and Francisco Rodríguez
List of Contributors
Index
“This is a fine book on Venezuela and its economic and sociopolitical problems during the 20 years preceding the beginning, in 1999, of the Hugo Chávez Frías administration. . . . The story that unfolds in this excellent contribution to the literature is a good one, and the book is likely to become essential reading for understanding Venezuela’s economic decline during the last two decades of the twentieth century.”
—Brian McBeth, Hispanic American Historical Review
