Correcting the income-to-trade-openness elasticity and interaction attribution in Bastos et al. (2026) shows the US embargo accounts for a substantial fraction, and sometimes all, of Cuba's post-1959 economic underperformance.
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Comment on "The Forsaken Road: Reassessing Living Standards Following the Cuban Revolution and the American Embargo"
Correcting the income-to-trade-openness elasticity and interaction attribution in Bastos et al. (2026) shows the US embargo accounts for a substantial fraction, and sometimes all, of Cuba's post-1959 economic underperformance.