Natural resource dependence, public education investment, and human capital accumulation

Abstract This paper examines the relationships between natural resource dependence, public education investment, and human capital accumulation. It addresses why the “blessing” of abundant natural resources often turns into a “curse” in many countries and regions, focusing on the crowding-out effect...

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Autores principales:	Hua-Ping Sun, Wei-Feng Sun, Yong Geng, Yu-Sheng Kong
Formato:	article
Lenguaje:	EN
Publicado:	KeAi Communications Co., Ltd. 2018
Materias:	Natural resource dependence Public education investment Human capital accumulation Resource curse Science Q Petrology QE420-499
Acceso en línea:	https://doaj.org/article/35dc803b14eb4f289f10dcdd34853ea0
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spelling	oai:doaj.org-article:35dc803b14eb4f289f10dcdd34853ea02021-12-02T06:37:00ZNatural resource dependence, public education investment, and human capital accumulation10.1007/s12182-018-0235-01672-51071995-8226https://doaj.org/article/35dc803b14eb4f289f10dcdd34853ea02018-06-01T00:00:00Zhttp://link.springer.com/article/10.1007/s12182-018-0235-0https://doaj.org/toc/1672-5107https://doaj.org/toc/1995-8226Abstract This paper examines the relationships between natural resource dependence, public education investment, and human capital accumulation. It addresses why the “blessing” of abundant natural resources often turns into a “curse” in many countries and regions, focusing on the crowding-out effect of natural resources on human capital. According to our empirical analysis of provincial panel data from China, natural resource dependence is significantly and negatively correlated with human capital accumulation. The crowding-out effect of natural resources on human capital exists only in the central and western regions of China. Our introduction of an interaction term for natural resource dependence and public education investment underscores the possibility of investing in public education to reduce the crowding-out effect of natural resource dependence on human capital. The government should utilize the income of the natural resource sector to increase investment in education to enhance local human capital.Hua-Ping SunWei-Feng SunYong GengYu-Sheng KongKeAi Communications Co., Ltd.articleNatural resource dependencePublic education investmentHuman capital accumulationResource curseScienceQPetrologyQE420-499ENPetroleum Science, Vol 15, Iss 3, Pp 657-665 (2018)
institution	DOAJ
collection	DOAJ
language	EN
topic	Natural resource dependence Public education investment Human capital accumulation Resource curse Science Q Petrology QE420-499
spellingShingle	Natural resource dependence Public education investment Human capital accumulation Resource curse Science Q Petrology QE420-499 Hua-Ping Sun Wei-Feng Sun Yong Geng Yu-Sheng Kong Natural resource dependence, public education investment, and human capital accumulation
description	Abstract This paper examines the relationships between natural resource dependence, public education investment, and human capital accumulation. It addresses why the “blessing” of abundant natural resources often turns into a “curse” in many countries and regions, focusing on the crowding-out effect of natural resources on human capital. According to our empirical analysis of provincial panel data from China, natural resource dependence is significantly and negatively correlated with human capital accumulation. The crowding-out effect of natural resources on human capital exists only in the central and western regions of China. Our introduction of an interaction term for natural resource dependence and public education investment underscores the possibility of investing in public education to reduce the crowding-out effect of natural resource dependence on human capital. The government should utilize the income of the natural resource sector to increase investment in education to enhance local human capital.
format	article
author	Hua-Ping Sun Wei-Feng Sun Yong Geng Yu-Sheng Kong
author_facet	Hua-Ping Sun Wei-Feng Sun Yong Geng Yu-Sheng Kong
author_sort	Hua-Ping Sun
title	Natural resource dependence, public education investment, and human capital accumulation
title_short	Natural resource dependence, public education investment, and human capital accumulation
title_full	Natural resource dependence, public education investment, and human capital accumulation
title_fullStr	Natural resource dependence, public education investment, and human capital accumulation
title_full_unstemmed	Natural resource dependence, public education investment, and human capital accumulation
title_sort	natural resource dependence, public education investment, and human capital accumulation
publisher	KeAi Communications Co., Ltd.
publishDate	2018
url	https://doaj.org/article/35dc803b14eb4f289f10dcdd34853ea0
work_keys_str_mv	AT huapingsun naturalresourcedependencepubliceducationinvestmentandhumancapitalaccumulation AT weifengsun naturalresourcedependencepubliceducationinvestmentandhumancapitalaccumulation AT yonggeng naturalresourcedependencepubliceducationinvestmentandhumancapitalaccumulation AT yushengkong naturalresourcedependencepubliceducationinvestmentandhumancapitalaccumulation
_version_	1718399806094704640

Natural resource dependence, public education investment, and human capital accumulation

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