BACK IN POWER: PROSPECTS AND LIMITS OF LULA’S GOVERNMENT

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Published: Mar 27, 2023
DOI: https://doi.org/10.22201/fe.01851667p.2023.324.84843

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Adalmir Antonio Marquetti
Department of Economics, Pontifícia Universidade Católica do Rio Grande do Sul (Brazil)
Alessandro Donadio Miebach
Department of Economic Sciences, Universidade Federal do Rio Grande do Sul (Brazil)
Henrique Morrone
Department of Economic Sciences, Universidade Federal do Rio Grande do Sul (Brazil)

Abstract

This article explores the economic perspectives and limits of the new Brazilian government in the short and long term. We investigate the movements of the profit rate and its determinants during the 2002-2021 period. In the short run, there is the possibility of expanding demand through higher wage share and income distribution to the poor population. In the long term, our findings highlight the necessity to boost capital accumulation and growth through the investment of public sector and state-owned companies. The new government’s success in restoring economic growth depends on reshaping institutions, moving away from neoliberalism and adopting a developmentalist framework.

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How to Cite
Marquetti, A. A., Miebach, A. D., & Morrone , H. . (2023). BACK IN POWER: PROSPECTS AND LIMITS OF LULA’S GOVERNMENT. Investigación Económica, 82(324), 3–26. https://doi.org/10.22201/fe.01851667p.2023.324.84843

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Author Biography

Alessandro Donadio Miebach, Department of Economic Sciences, Universidade Federal do Rio Grande do Sul (Brazil)



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