5 Understanding Economic Growth in Venezuela, 1970–2005: The Real Effects of a Financial Collapse

Chapters in this book

1. Frontmatter i
2. Contents v
3. Preface and Acknowledgments vii
4. Introduction 1
5. 1 Why Did Venezuelan Growth Collapse? 15
6. 2 Venezuela After a Century of Oil Exploitation 51
7. 3 Public Investment and Productivity Growth in the Venezuelan Manufacturing Industry 91
8. 4 The Incidence of Labor Market Reforms on Employment in the Venezuelan Manufacturing Sector, 1995–2001 115
9. 5 Understanding Economic Growth in Venezuela, 1970–2005: The Real Effects of a Financial Collapse 157
10. 6 Much Higher Schooling, Much Lower Wages: Human Capital and Economic Collapse in Venezuela 187
11. 7 Income Distribution and Redistribution in Venezuela 207
12. 8 Competing for Jobs or Creating Jobs? The Impact of Immigration on Native-Born Unemployment in Venezuela, 1980–2003 239
13. 9 Sleeping in the Bed One Makes: The Venezuelan Fiscal Policy Response to the Oil Boom 259
14. 10 Institutional Collapse: The Rise and Decline of Democratic Governance in Venezuela 285
15. 11 The Political Economy of Industrial Policy in Venezuela 321
16. 12 Explaining Chavismo: The Unexpected Alliance of Radical Leftists and the Military in Venezuela under Hugo Chávez 371
17. 13 Oil, Macro Volatility, and Crime in the Determination of Beliefs in Venezuela 407
18. 14 Understanding the Collapse: Venezuela’s Experience in Cross-National Perspective 425
19. Contributors 443
20. Index 445