Petro Rents and Higher Education: A Cross-country Examination


Abstract views: 172 / PDF downloads: 163

Authors

  • Shahin Javadi University of Tehran
  • Mahmood Motevaseli University of Tehran
  • Jahangir Yadolahi Farsi University of Tehran

Abstract

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 capitalJEL Classifications: I25; O15; O13

Downloads

Download data is not yet available.

Downloads

Published

2017-06-29

How to Cite

Javadi, S., Motevaseli, M., & Farsi, J. Y. (2017). Petro Rents and Higher Education: A Cross-country Examination. International Journal of Economics and Financial Issues, 7(3), 516–522. Retrieved from https://www.econjournals.com/index.php/ijefi/article/view/4581

Issue

Section

Articles

Most read articles by the same author(s)