| Autor: |
Farzanegan, Mohammad Reza, Thum, Marcel |
| Jazyk: |
angličtina |
| Rok vydání: |
2020 |
| Předmět: |
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| Druh dokumentu: |
Článek |
| ISSN: |
1435-8921 |
| DOI: |
10.1007/s00181-018-1548-y |
| Popis: |
The resource curse hypothesis suggests that resource-rich countries (especially oil-dependent economies) show lower economic growth rate as compared to resource-poor countries. We contribute to this literature by providing empirical evidence on a new transmission channel of the resource curse, namely the negative long-run effect of oil rents on the quality of education. Our empirical analysis for more than 70 countries from the period of 1995–2015 shows a significantly positive effect of oil rents on the quantity of education measured by government spending on primary and secondary education. However, we find a robust and negative long-run effect of oil rents dependency on the objective and subjective indicators of quality of education. Further, panel regressions with country and year fixed effects support our cross-country findings on the negative effect of oil rents dependency on the quality of education. |
| Databáze: |
Networked Digital Library of Theses & Dissertations |
| Externí odkaz: |
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