The role of human capital, structural change, and institutional quality on Brazil's economic growth over the last two hundred years (1822¿2019)

• Type: Article in International Scientific Journal
• Date: 2023

Authors

Natalia I. Doré (Author) FEP; Aurora Teixeira (Author) FEP

Journal

Title: Structural Change and Economic Dynamics

Vol. 66

Pages: 1-12

ISSN: 0954-349X

Publisher: Elsevier

Indexing

ISI Web of Knowledge - 21 Citations

Scopus - 25 Citations

Other information

Authenticus ID: P-00Y-70W

DOI: 10.1016/j.strueco.2023.04.003

Abstract (EN): A growing body of empirical literature has considered very long-time horizons when studying the sources of a country's economic growth. Nevertheless, the growth experiences of emerging economies (EEs) have been overlooked. This study examines to what extent human capital, structural change, and institutional quality contribute to the economic growth of one of the largest EEs in the world, Brazil, between 1822 and 2019. Resorting to the ARDL cointegration technique, the results suggest that years of schooling (human capital) have a positive and long-lasting impact on Brazil's economic growth. Moreover, there is solid evidence that sectoral changes toward more advanced and sophisticated manufacturing basis is growth-enhancing in the country. Finally, institutional quality does not constitute over the very long-run, a significant booster of Brazilian economic growth. © 2023 The Author(s)

Language: English

Type (Professor's evaluation): Scientific

No. of pages: 12