Petro Rents and Higher Education: A Cross-country Examination
This study provides an empirical investigation to test one of the transmission channels of resource curse, i.e. higher education. Our panel data analysis of 70 countries from 2006 to 2014 shows petro rents have a positive impact on the indicator of higher education and training in developed countrie...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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EconJournals
2017-06-01
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| Series: | International Journal of Economics and Financial Issues |
| Online Access: | https://econjournals.com/index.php/ijefi/article/view/4581 |
| _version_ | 1797911814503137280 |
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| author | Shahin Javadi Mahmood Motevaseli Jahangir Yadolahi Farsi |
| author_facet | Shahin Javadi Mahmood Motevaseli Jahangir Yadolahi Farsi |
| author_sort | Shahin Javadi |
| collection | DOAJ |
| description | This study provides an empirical investigation to test one of the transmission channels of resource curse, i.e. higher education. Our panel data analysis of 70 countries from 2006 to 2014 shows petro rents have a positive impact on the indicator of higher education and training in developed countries but petro rents have no statistically significant effect on the indicator of higher education and training in developing countries. We also find petro rents have a positive impact on the quality of education in both groups of countries but we find a negative and statistically significant association between petro rents and the quantity of higher education in developing countries which can explain resource curse. These findings are robust when we control for other major drivers of dependent variables, unobservable country- and time-fixed effects.
Keywords: resource curse, oil rents, higher education, human capital
JEL Classifications: I25; O15; O13
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| first_indexed | 2024-04-10T11:47:44Z |
| format | Article |
| id | doaj.art-dd9bb05af1f940578bfdbfa0e2f34786 |
| institution | Directory Open Access Journal |
| issn | 2146-4138 |
| language | English |
| last_indexed | 2024-04-10T11:47:44Z |
| publishDate | 2017-06-01 |
| publisher | EconJournals |
| record_format | Article |
| series | International Journal of Economics and Financial Issues |
| spelling | doaj.art-dd9bb05af1f940578bfdbfa0e2f347862023-02-15T16:17:18ZengEconJournalsInternational Journal of Economics and Financial Issues2146-41382017-06-0173Petro Rents and Higher Education: A Cross-country ExaminationShahin Javadi0Mahmood Motevaseli1Jahangir Yadolahi Farsi2University of TehranUniversity of TehranUniversity of TehranThis study provides an empirical investigation to test one of the transmission channels of resource curse, i.e. higher education. Our panel data analysis of 70 countries from 2006 to 2014 shows petro rents have a positive impact on the indicator of higher education and training in developed countries but petro rents have no statistically significant effect on the indicator of higher education and training in developing countries. We also find petro rents have a positive impact on the quality of education in both groups of countries but we find a negative and statistically significant association between petro rents and the quantity of higher education in developing countries which can explain resource curse. These findings are robust when we control for other major drivers of dependent variables, unobservable country- and time-fixed effects. Keywords: resource curse, oil rents, higher education, human capital JEL Classifications: I25; O15; O13 https://econjournals.com/index.php/ijefi/article/view/4581 |
| spellingShingle | Shahin Javadi Mahmood Motevaseli Jahangir Yadolahi Farsi Petro Rents and Higher Education: A Cross-country Examination International Journal of Economics and Financial Issues |
| title | Petro Rents and Higher Education: A Cross-country Examination |
| title_full | Petro Rents and Higher Education: A Cross-country Examination |
| title_fullStr | Petro Rents and Higher Education: A Cross-country Examination |
| title_full_unstemmed | Petro Rents and Higher Education: A Cross-country Examination |
| title_short | Petro Rents and Higher Education: A Cross-country Examination |
| title_sort | petro rents and higher education a cross country examination |
| url | https://econjournals.com/index.php/ijefi/article/view/4581 |
| work_keys_str_mv | AT shahinjavadi petrorentsandhighereducationacrosscountryexamination AT mahmoodmotevaseli petrorentsandhighereducationacrosscountryexamination AT jahangiryadolahifarsi petrorentsandhighereducationacrosscountryexamination |