Puerto Rico--Economic Conditions--1918-1952

This thesis examines structural changes in Puerto Rico's economic
structure throughout its 30-year program of economic development. Descriptive
and analytical statistical techniques are used to examine the
economy. Chapter I uses verbal and simple graph descriptions of changes
in key variables that have occurred since 1947. Chapter II presents an
Econometric model of the economy and interprets the results of two estimations
of the model. Because structural change is suggested by the
analysis in Chapter II, Chapter III examines the nature and significance
of structural shifts using the ChovJ Test, Dummy Variable Test, and
Switching Regression. General Impact Multiplier analysis is used in
Chapter IV to elicit results from the model when it is treated holistically
and dynamically. The final chapter analyzes the economic changes
that were indicated in previous chapters. The importance of these changes
for Puerto Rico's further economic advance and the lessons that other
developing nations can learn from Puerto Rico's experience conclude
the thesis.