『Summary
This paper studies the link between resource abundance and human
capital accumulation. It reviews the commonly used indicators
of resource abundance and human capital accumulation. The case
for a form of resource curse in human capital accumulation is
not robust to reasonable changes in these indicators. In fact,
subsoil wealth and resource rents per capita are shown to be significantly
correlated with improved indicators of human capital accumulation.
If mineral wealth is what authors have in mind when they refer
to natural resource abundance, then they should choose indicators
that measure this concept as accurately as possible.
Key words: human capital; education; natural resources; resource
curse; economic development』
1. Introduction
2. Data
(a) Resource abundance indicators
(i) Share of natural capital in national wealth
(ii) Natural capital:physical capital ratio
(iii) Subsoil wealth:physical capital ratio
(iv) Green capital:physical capital ratio
(v) Subsoil wealth per capita
(vi) Arable land per capita
(vii) Primary export intensity
(viii) Agricultural export intensity
(ix) mineral export intensity
(x) Share of minerals in exports
(xi) Resource-rent intensity
(xii) Resource rent per capita
(b) Human capital accumulation indicators
(i) Average years of education
(ii) Net secondary enrollment rate
(iii) Adult literacy rate
(iv) Life expectancy at birth
(v) Public expenditure on education as a percent of aggregate
expenditure
3. Main correlations
(a) Bootstrapping confidence intervals for correlation coefficients
(b) Correlations among all countries
(i) Cross-sectional indicators of resource abundance
(ii) Panel indicators of resource abundance
(c) Correlations among developing countries
(i) Cross-sectional indicators of resource abundance
(ii) Time-varying indicators of resource abundance
4. Extensions
(a) Disaggregating resource abundance indicators
(b) Secondary vs. tertiary education
(c) Case study candidates
5. Conclusions
Notes
References