Author(s):
Pereira, João 
; St. Aubyn, Miguel
Date: 2004
Persistent ID: http://hdl.handle.net/10400.5/2718
Origin: Repositório da UTL
Subject(s): Economic growth; education; human capital; Portugal
Document details
What Level of Education Matters Most for Growth? Evidence from Portugal
Description
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.
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.
Document Type
Other
Language English
Language English
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