What Level of Education Matters Most for Growth? Evidence from Portugal

Posted: 17 Jul 2008

See all articles by João Pereira

João Pereira

Ministry of Finance

Miguel St. Aubyn

Technical University of Lisbon - ISEG (School of Economics and Management); UECE (Research Unit on Complexity and Economics)

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Date Written: July, 17 2008

Abstract

We decompose annual average years of schooling series for Portugal into different schooling levels series. By estimating a number of vector autoregressions, we provide measures of aggregate and disaggregate economic growth impacts of different education levels. Increasing education at all levels except tertiary have a positive and significant effect on growth. Investment in education does not significantly crowd out physical investment and average years of schooling semi-elasticities have comparable magnitude across primary and secondary levels.

Keywords: Economic impact, Economic development, Human capital, Productivity

JEL Classification: I21, O47, 052

Suggested Citation

Pereira, João and St. Aubyn, Miguel, What Level of Education Matters Most for Growth? Evidence from Portugal (July, 17 2008). Economics of Education Review, Forthcoming, Available at SSRN: https://ssrn.com/abstract=1162116

João Pereira

Ministry of Finance ( email )

Rua da Alfândega, nº 5
1149-006 Lisboa Codex, 1100-046
Portugal

Miguel St. Aubyn (Contact Author)

Technical University of Lisbon - ISEG (School of Economics and Management) ( email )

Rua do Quelhas, 6
1200-071 Lisboa
Portugal
+351 21 392 5987 (Phone)

HOME PAGE: http://www.iseg.utl.pt/~mstaubyn

UECE (Research Unit on Complexity and Economics)

ISEG/UTL, Rua Miguel Lupi 20
1249-078 Lisboa
Portugal
+351-213 925 912 (Phone)
+351-213 971 196 (Fax)

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