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

IF 10.2 2区经济学 0 ENVIRONMENTAL STUDIES

Resources Policy Pub Date : 2024-11-25 DOI:10.1016/j.resourpol.2024.105389

Yu Li , Wei Wei

引用次数: 0

Abstract

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.

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国家和私营部门的教育支出与解决欧佩克成员国资源诅咒之间关系的证据

本文探讨了 2000 至 2020 年间 11 个欧佩克国家公共和私营部门的教育支出与缓解资源诅咒之间的联系。利用 PMG-ARDL 估计器，研究发现国家教育投资每增加 1%，石油租金就会短期上升 0.08%，长期上升 0.17%。相比之下，私人教育投资每增加 1%，石油租金短期下降 0.10%，长期下降 0.35%。研究强调了 GDP 增长、贸易量和电力消费在促进经济多样化方面的积极作用。研究结果表明，欧佩克国家应加强私营部门的教育投资，并注重 "绿色 "教育，以促进可持续发展和经济复原力。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Resources Policy ENVIRONMENTAL STUDIES-

CiteScore

13.40

自引率

23.50%

发文量

602

审稿时长

69 days

期刊介绍： Resources Policy is an international journal focused on the economics and policy aspects of mineral and fossil fuel extraction, production, and utilization. It targets individuals in academia, government, and industry. The journal seeks original research submissions analyzing public policy, economics, social science, geography, and finance in the fields of mining, non-fuel minerals, energy minerals, fossil fuels, and metals. Mineral economics topics covered include mineral market analysis, price analysis, project evaluation, mining and sustainable development, mineral resource rents, resource curse, mineral wealth and corruption, mineral taxation and regulation, strategic minerals and their supply, and the impact of mineral development on local communities and indigenous populations. The journal specifically excludes papers with agriculture, forestry, or fisheries as their primary focus.