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

Pereira, João; St. Aubyn, Miguel

doi:10.2139/ssrn.715481

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

ISEG Economics Working Paper No. 13/2004/DE/UECE

32 Pages Posted: 7 May 2005

See all articles by João Pereira

Miguel St. Aubyn

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

There are 2 versions of this paper

Date Written: November 2004

Abstract

We decompose an 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 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 growth, education, human capital, Portugal

JEL Classification: I21, O40, 052

Suggested Citation: Suggested Citation

Pereira, João and St. Aubyn, Miguel, What Level of Education Matters Most for Growth? Evidence from Portugal (November 2004). ISEG Economics Working Paper No. 13/2004/DE/UECE, Available at SSRN: https://ssrn.com/abstract=715481 or http://dx.doi.org/10.2139/ssrn.715481