A nova teoria neoclássica do crescimento e o problama do subdesen volvimento econômico brasileiro
By: BUENO, Newton Paulo
.
Material type: 
ArticlePublisher: São Paulo : Editora 34, abr./jun. 1998Revista de Economia Política = Brazilian Journal of Political Economy 18, 2, p. 5-20Abstract: The purpose of the paper is to show that endogenous growth theory is at best insufficient to explain Brazilian economic underdevelopment. The main reason for this is that this theory gives a major importance to the role of human capital in the process of economic growth which is not justifiable in the Brazilian case. Instead of this, the main problem of the Brazilian economy seems to be the incapacity of its modern sector to absorb the majority of the population. This can not be done only through human capital increase; it requires in first place a major physical investment program in order to enlarge the size of the modern sector nowadays opened only to a minority of the population which is insufficient to allow Brazilian economy recovery
The purpose of the paper is to show that endogenous growth theory is at best insufficient to explain Brazilian economic underdevelopment. The main reason for this is that this theory gives a major importance to the role of human capital in the process of economic growth which is not justifiable in the Brazilian case. Instead of this, the main problem of the Brazilian economy seems to be the incapacity of its modern sector to absorb the majority of the population. This can not be done only through human capital increase; it requires in first place a major physical investment program in order to enlarge the size of the modern sector nowadays opened only to a minority of the population which is insufficient to allow Brazilian economy recovery
Revista de Economia Política 1998
v. 18, n. 2(70)
Click on an image to view it in the image viewer
There are no comments for this item.