Lara Cockx|Nathalie Francken
Natural resources: A curse on education spending?
KU Leuven|KU Leuven
line rising interest harnessing natural resource revenues economic human development productive government investments paper aims address important blind spot understanding resource curse contributing innovative insights natural resource wealth impacts government priorities expenditure practices using large panel dataset 140 countries covering period 1995 2009 find adverse effect resource dependence public education expenditures relative gdp robust controlling range additional covariates furthermore findings indicate resource curse effect government prioritization education mainly stems pointsource natural resources results particular importance sustainable management natural resource wealth developing countries could achieve especially high returns investing resource revenues public goods education paper underlines importance institutions government accountability findings also raise questions role private sector partner development extractives industry could consider increasing funding education corporate social responsibility csr initiatives