The aim of this article is to characterise the rise of the Portuguese contemporary art market since the beginning of the 21st century, within the broader context of the global contemporary art market. Against a theoretical backdrop of the globalisation of markets for contemporary art and the concept of the periphery, I will analyse Lisbon’s art scene as a local phenomenon that is looking for an international recognition. In doing so, I am focusing on two working hypotheses. The first relates to the efforts made by the gallery sector to raise the international profile of its artists, giving them sought-after widespread recognition, which encompasses a historical perspective on the situation and a prominent role for the younger generation of gallerists. The second intends to observe the role played by private collectors and their contributions towards boosting the art scene, assembling their contemporary art collections and making them available to the public. I conclude that this has led to an upsurge in the contemporary art market in connection with the growing number of validating structures, museums, and art centres, due mainly to the fact that the shortcomings of the public sector are being made up for by private initiatives.

This paper investigates the inequality‐growth nexus for Portugal over the period 1986–2017. Portugal is a country that has recorded a decelerating growth trajectory together with high levels of inequality, coupled with relatively low levels of human capital and productivity. We compute different measures of earnings inequality using microdata from the Quadros de Pessoal database and use them to estimate VAR and SVAR A‐B models with four variables (human capital, inequality, investment, and output) to empirically assess the sign of the relationship between inequality and growth, as well as the underlying mechanisms of transmission. The results from the impulse response analysis indicate that a shock to inequality has a negative impact on growth and on human capital availability, as well as an initial negative impact on investment which eventually becomes positive. The evidence found highlights the human capital, savings, and domestic demand channels as good candidates to explain the relationship between inequality and growth in Portugal.

The spread of the COVID-19 pandemic worldwide, and the restrictions imposed by the social distance and the enforced confinement, are having an impact on the art markets globally. The aim of this article is to evaluate the impact of an external shock in the primary art market, using three countries as a case study: Portugal, Spain, and Brazil. These geographies have in common being at the margins in the art market’s main art hubs. It is intended to analyze how agents are responding to the new context, according to the data gathered within the gallery sector. The methods applied in the research are a combination of surveys carried out by the authors, field-based observation, along with an academic literature review, complemented by international and national reports analysis. The study’s main findings allow us to characterize the art market as a very resilient sector that energetically responded to the crisis, able to adapt and overcome challenges imposed by the new pandemic situation. Contemporary art galleries expanded digital activities, kept participating in art fairs hybrid models, continued to focus on internationalization, and pointed to the strengthening of public policies towards the sector and partnerships as key strategies to overcome the crisis.

A navegação consulta e descarregamento dos títulos inseridos nas Bibliotecas Digitais UC Digitalis, UC Pombalina e UC Impactum, pressupõem a aceitação plena e sem reservas dos Termos e Condições de Uso destas Bibliotecas Digitais, disponíveis em https://digitalis.uc.pt/pt-pt/termos. Conforme exposto nos referidos Termos e Condições de Uso, o descarregamento de títulos de acesso restrito requer uma licença válida de autorização devendo o utilizador aceder ao(s) documento(s) a partir de um endereço de IP da instituição detentora da supramencionada licença.Ao utilizador é apenas permitido o descarregamento para uso pessoal, pelo que o emprego do(s) título(s) descarregado(s) para outro fim, designadamente comercial, carece de autorização do respetivo autor ou editor da obra.Na medida em que todas as obras da UC Digitalis se encontram protegidas pelo Código do Direito de Autor e Direitos Conexos e demais legislação aplicável, toda a cópia, parcial ou total, deste documento, nos casos em que é legalmente admitida, deverá conter ou fazer-se acompanhar por este aviso.Despesa pública em educação e saúde e crescimento económico: um contributo para o debate sobre as funções sociais do estado

Em linha com o interesse recente e renovado sobre a relação entre desigualdade e crescimento, e o importante debate que subsiste sobre o sinal desta relação, analisamos esta questão para Portugal no período de 1985-2005 usando diferentes metodologias de séries temporais. Os resultados sugerem que a desigualdade de ganhos tem um impacto negativo no output, confirmando assim o ponto de vista de que a desigualdade é nociva ao crescimento económico. Além disso, e segundo os resultados decorrentes da análise das funções impulso-resposta baseadas no modelo preferido, um VAR estrutural (SVAR) trivariado, estes efeitos duram, nalguns casos, três anos após o choque de desigualdade. No tocante à educação, a terceira variável considerada nos nossos modelos SVAR, não se confirma a predição teórica de que mais desigualdade reduz a acumulação de capital humano; ao invés, os resultados apontam na direção oposta: um aumento da desigualdade de ganhos conduz a trabalhadores com mais educação. Assim, a confirmação de uma influência negativa da desigualdade sobre o output parece ser explicada porque implica mais redistribuição, com os efeitos distorcionários decorrentes dos impostos sobre o investimento.