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Sustainability education and resource curse control in the selected resource-rich economies

Author

Listed:
  • Wang, Zhuo
  • Li, Haoyuan
  • Zhang, Yuan

Abstract

The “resource curse” paradoxically impacts countries abundant in natural resources, presenting challenges despite their apparent benefits. In 20 such economies, the focus has shifted to using sustainability measures to address this curse, analyzed through Cross-Sectional Fully Modified Ordinary Least Squares. Between 1999 and 2018, sustainable education proved essential in mitigating resource curse vulnerabilities. For instance, a 1% rise in primary school enrollment correlates with a 0.16 decrease in the Resource Curse Vulnerability Index, aiding economic diversification. Similarly, a 1% increase in state education investment leads to a 0.54% reduction in the index, improving human capital and governance. However, higher inflation exacerbates vulnerability, while trade liberalization reduces dependence on resources. Increased electricity consumption and internet access may intensify risks. Effective policies should focus on increasing education investment, supporting Education for Sustainable Development, enhancing media advocacy, promoting renewable energy, and advancing sustainable digital transformation.

Suggested Citation

  • Wang, Zhuo & Li, Haoyuan & Zhang, Yuan, 2024. "Sustainability education and resource curse control in the selected resource-rich economies," Resources Policy, Elsevier, vol. 97(C).
    • Handle: RePEc:eee:jrpoli:v:97:y:2024:i:c:s030142072400641x
    DOI: 10.1016/j.resourpol.2024.105274
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    More about this item

    Keywords

    Resource curse vulnerability; Education for sustainable development; Resource-rich countries; Resource abundant;
    All these keywords.

    JEL classification:

    • Q32 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Exhaustible Resources and Economic Development
    • Q33 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Resource Booms (Dutch Disease)
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
    • I21 - Health, Education, and Welfare - - Education - - - Analysis of Education

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