Pereira, JoãoSt. Aubyn, Miguel2010-12-202010-12-202004Pereira, João e Miguel St. Aubyn. 2004. "What level of education matters most for growth? Evidence from Portugal". Instituto Superior de Economia e Gestão - DE Working papers nº 13-2004/DE/UECE0874-4548http://hdl.handle.net/10400.5/2718We 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.engEconomic GrowthEducationHuman CapitalPortugalworking paper