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. - Provided by publisher

We study episodes where economic growth decelerates to negative rates. While the majority of these episodes are of short duration, a substantial fraction last for a longer period of time than can be explained as the result of business-cycle dynamics. The duration, depth and associated output...

We study episodes where economic growth decelerates to negative rates. While the majority of these episodes are of short duration, a substantial fraction last for a longer period of time than can be explained as the result of business-cycle dynamics. The duration, depth and associated output...