The impact of education on Brazil's economic growth
A study by the Getúlio Vargas Foundation (FGV EESP), in partnership with the Lemann Foundation, found that the return on investment in education is particularly significant in lower-income nations like Brazil.
Main findings:
- A rise in scores on international standardized tests, such as the Programme for International Student Assessment (PISA), correlates with an additional 1 to 2.2 percentage points in annual GDP per capita growth.
- Improvements in basic education in Brazilian municipalities lead to substantial job creation for young people.
- Investment in human capital plays a crucial role in explaining economic growth disparities between countries.
- Educational attainment is closely linked to productivity and accounts for a major portion of income differences among workers.