Public spending on education and health and economic growth: an input to the discussion about the social functions of the state

Andrade, João A. S.; Simões, Marta C. N.; Duarte, Adelaide P. S.

doi:10.14195/1647-8622_13_11

Cited by 1 publication

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“…Existing economic models (e.g., Lucas, 1988; Romer, 1990; Mankiw, Romer, and Weil, 1992; Jones, 2005) have established the fact that human capital is essential to economic growth. In other words, a rise in the level of education and advances in general health conditions result in an increase in the contribution of human capital for aggregate output and the skills of workers in the production of new knowledge and the adoption of existing technology and thus in the potential growth of the economy (see Andrade, Simões, and Duarte, 2013; Andrade, Duarte, and Simões, 2018).…”

Section: Financialization and Inequality In Brazilmentioning

confidence: 99%

The Financialization of Health and Education and Inequality in Twenty-first Century Brazil

Bação,

Mazeron,

Simões

2023

Latin American Perspectives

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Brazil is often cited for its high levels of inequality. Despite some success in reducing this inequality during the Partido dos Trabalhadores (Workers’ Party—PT) period, the rise of Jair Bolsonaro as Brazil’s president threatens to reverse this trend as he actively seeks to promote policies that will lead to greater financialization of the Brazilian economy. In recent years, several studies have shown that the financialization of the economy as a whole can lead to a rise in inequality, but the financialization of the health and education sectors has not been of particular interest to researchers and government officials. An empirical analysis of the pattern of income inequality in twenty-first-century Brazil paying particular attention to the potential impact of the financialization of health and education sectors on this process shows a correlation between greater financialization (especially in the health sector) and an increase in income inequality. O Brasil é frequentemente destacado pelos seus níveis elevados de desigualdade. Apesar de algum progresso na redução da desigualdade durante o período de governação do PT, a tomada de posse como presidente de Jair Bolsonaro ameaça reverter esta trajetória, nomeadamente via o apoio a uma maior financeirização da economia. Nos últimos anos, vários estudos mostraram que a financeirização da economia como um todo pode conduzir ao aumento da desigualdade. Porém, a financeirização dos setores da saúde e da educação não tem sido alvo de interesse particular. Uma análise empírica do comportamento da desigualdade no Brasil no séc. XXI salientando o potencial impacto da financeirização da saúde e da educação, sugere que uma maior financeirização, em particular do setor da saúde, está associada a um aumento da desigualdade na repartição do rendimento no Brasil.

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