The economic consequences of Hugo Chavez: A synthetic control analysis

@inproceedings{Grier2016TheEC,
  title={The economic consequences of Hugo Chavez: A synthetic control analysis},
  author={Kevin B. Grier and Norman J. Maynard},
  year={2016}
}
We use the synthetic control method to perform a case study of the impact of Hugo Chavez on the Venezuelan economy. We compare outcomes under Chavez’s leadership and polices against a counterfactual of “business as usual”. We find that, relative to our control, per capita income fell dramatically. While poverty, health, and inequality outcomes all improved during the Chavez administration, these outcomes also improved in each of the control cases and thus we cannot attribute the improvements to… CONTINUE READING
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