What level of education matters most for growth?: Evidence from Portugal

Joao Paulo Cabral Pereira () and Miguel St. Aubyn ()

Economics of Education Review, 2009, vol. 28, issue 1, pages 67-73

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 (search for similar items in EconPapers)
Date: 2009

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Related works:
Working Paper: What Level of Education Matters Most for Growth? Evidence from Portugal (2004)
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Persistent link: http://EconPapers.repec.org/RePEc:eee:ecoedu:v:28:y:2009:i:1:p:67-73

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