What level of education matters most for growth?: Evidence from Portugal
ARTICLE
João Pereira, Miguel St. Aubyn
Economics of Education Review Volume 28, Number 1 ISSN 0272-7757 Publisher: Elsevier Ltd
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.
Citation
Pereira, J. & St. Aubyn, M. What level of education matters most for growth?: Evidence from Portugal. Economics of Education Review, 28(1), 67-73. Elsevier Ltd. Retrieved March 1, 2021 from https://www.learntechlib.org/p/206468/.
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Keywords
References
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