Bello, Omar D.; Blyde, Juan S.; Restuccia, Diego - In: Latin American Journal of Economics-formerly Cuadernos … 48 (2011) 2, pp. 199-226
The standard of living, measured as gross domestic product (GDP) per capita, increased dramatically in Venezuela relative to that of the United States from 20 percent in 1920 to 90 percent in 1958, but since then has collapsed to around 30 percent nowadays. What explains these remarkable growth...