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

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)

Multiple version iconThere 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

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

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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