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Petro Rents and Higher Education: A Cross-country Examination

Author

Listed:
  • Shahin Javadi

    (Faculty of Entrepreneurship, University of Tehran, Tehran, Iran
    Parliament Research Centre, Tehran, Iran)

  • Mahmood Motevaseli

    (Faculty of Economics, University of Tehran, Tehran, Iran,)

  • Jahangir Yadolahi Farsi

    (Faculty of Entrepreneurship, University of Tehran, Tehran, Iran.)

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.

Suggested Citation

  • Shahin Javadi & Mahmood Motevaseli & Jahangir Yadolahi Farsi, 2017. "Petro Rents and Higher Education: A Cross-country Examination," International Journal of Economics and Financial Issues, Econjournals, vol. 7(3), pages 516-522.
    • Handle: RePEc:eco:journ1:2017-03-66
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    References listed on IDEAS

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    Cited by:

    1. Amir Mousavi & Jeremy Clark, 2021. "The effects of natural resources on human capital accumulation: A literature survey," Journal of Economic Surveys, Wiley Blackwell, vol. 35(4), pages 1073-1117, September.

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    More about this item

    Keywords

    Resource Curse; Oil Rents; Higher Education; Human Capital;
    All these keywords.

    JEL classification:

    • I25 - Health, Education, and Welfare - - Education - - - Education and Economic Development
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products

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