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

  • Pereira, João
  • St. Aubyn, Miguel

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.

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Article provided by Elsevier in its journal Economics of Education Review.

Volume (Year): 28 (2009)
Issue (Month): 1 (February)
Pages: 67-73

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Handle: RePEc:eee:ecoedu:v:28:y:2009:i:1:p:67-73
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