Venezuela at the stage of macroeconomic collapse: A historical and comparative analysis

Abstract

By 2018, Venezuela had lost 49.32% of its total GDP in just five years (2014-2018). Performing a historical and comparative analysis with Stata’s econometrics package, results show that this aggregated evolution of GDP represents the worst macroeconomic performance in magnitude and duration in the history of Venezuela (1950-2018), the worst in Latin America and the second worst in the world in the period 1980-2018.

Keywords

• políticas macroeconómicas
• colapso económico
• análisis macroeconómico del desarrollo
• enfermedad holandesa
• revolución bolivariana