Evidence of the relationship between education expenditure by state and private sectors on solving resource curse in OPEC member countries

被引：0

作者：

Li, Yu ^{[1
,2
]}

Wei, Wei ^{[3
]}

机构：

[1] School of Economics, Tianjin University of Commerce

[2] Modern Service Industry Think Tank Research Center, Tianjin University of Commerce, Tianjin

[3] Tianjin Railway Technical and Vocational College

来源：

Resources Policy | 2024年 / 99卷

关键词：

Education level; Oil rent; OPEC; Private investment; Resource curse;

D O I：

10.1016/j.resourpol.2024.105389

中图分类号：

学科分类号：

摘要：

This paper explores the link between education expenditure from both public and private sectors and the alleviation of the resource curse in 11 OPEC countries from 2000 to 2020. Utilizing the PMG-ARDL estimator, the study finds that a 1% increase in state education investment results in a 0.08% short-term and a 0.17% long-term rise in oil rent. In contrast, a 1% increase in private education investment leads to a 0.10% decrease in short-term and a 0.35% decrease in long-term oil rent. The research highlights the positive effects of GDP growth, trade volume, and electricity consumption in promoting economic diversification. The findings suggest that OPEC nations should enhance private sector education investments and focus on “greening” education to foster sustainable development and economic resilience. © 2024 Elsevier Ltd

引用

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