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

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  • Miguel St. Aubyn
  • João Pereira

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.

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Bibliographic Info

Paper provided by ISEG - School of Economics and Management, Department of Economics, University of Lisbon in its series Working Papers Department of Economics with number 2004/13.

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Date of creation: 2004
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Handle: RePEc:ise:isegwp:wp132004

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Postal: Department of Economics, ISEG - School of Economics and Management, University of Lisbon, Rua do Quelhas 6, 1200-781 LISBON, PORTUGAL
Web page: https://aquila1.iseg.ulisboa.pt/aquila/departamentos/EC

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Keywords: Economic growth; education; human capital; Portugal.;

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Citations

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Cited by:
  1. Zhang, Chuanguo & Zhuang, Lihuan, 2011. "The composition of human capital and economic growth: Evidence from China using dynamic panel data analysis," China Economic Review, Elsevier, vol. 22(1), pages 165-171, March.
  2. Catarina Cardoso & Eric J. Pentecost, 2011. "Regional Growth and Convergence: The Role of Human Capital in the Portuguese Regions," Discussion Paper Series 2011_03, Department of Economics, Loughborough University, revised Sep 2011.
  3. João Sousa Andrade & Adelaide Duarte & Marta Simões, 2011. "Inequality and Growth in Portugal: a time series analysis," GEMF Working Papers 2011-11, GEMF - Faculdade de Economia, Universidade de Coimbra.
  4. Gazi Mainul Hassan & Arusha Cooray, 2013. "Effects of Male and Female Education on Economic Growth: Some Evidence from Asia Using the Extreme Bounds Analysis," Working Papers in Economics 13/10, University of Waikato, Department of Economics.
  5. Marta Simões & Adelaide Duarte, 2007. "Education and growth: an industry-level analysis of the Portuguese manufacturing," GEMF Working Papers 2007-03, GEMF - Faculdade de Economia, Universidade de Coimbra.
  6. Herbst, Mikolaj & Wójcik, Piotr, 2011. "Growth and divergence of the polish subregions over 1995–2006: a search for determinants and spatial patterns," MPRA Paper 34731, University Library of Munich, Germany.
  7. Mariya Neycheva, 2013. "Does higher level of education of the labor force cause growth? Evidence from Bulgaria," Economic Change and Restructuring, Springer, vol. 46(3), pages 321-339, August.
  8. Benos, Nikos & Karagiannis, Stelios, 2013. "Do Cross-Section Dependence and Parameter Heterogeneity Matter? Evidence on Human Capital and Productivity in Greece," MPRA Paper 53326, University Library of Munich, Germany.
  9. Marta C. N. Simões, 2011. "Education Composition and Growth: A Pooled Mean Group Analysis of OECD Countries," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 58(4), pages 455-471, December.
  10. Sara Corujo & Marta Simões, 2012. "Democracy and Growth: Evidence for Portugal (1960–2001)," Transition Studies Review, Springer, vol. 18(3), pages 512-528, March.
  11. Lodhi, Abdul Salam & Tsegai, Daniel W. & Gerber, Nicolas, 2011. "Determinants of participation in child’s education and alternative activities in Pakistan," Discussion Papers 119110, University of Bonn, Center for Development Research (ZEF).

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