Do Natural Resources Harm Human Capital Investment?
Independent thesis Basic level (degree of Bachelor), 10 credits / 15 HE creditsStudent thesis
Cross country studies have found that countries rich in natural resources tend to invest less in human capital. This has been interpreted as natural capital crowding out investments in human capital, which in the long run may slow down economic growth. This paper finds no empirical support for this theory when looking at the private incentives to invest in education. I use household level survey data from Kazakhstan and an event with resemblance of a natural experiment in order to establish whether natural resource dependence has an effect on the private returns to education.
Place, publisher, year, edition, pages
Natural resources, Human capital, Education, Kazakhstan
IdentifiersURN: urn:nbn:se:uu:diva-226417OAI: oai:DiVA.org:uu-226417DiVA: diva2:725488
Bengtsson, Niklas, Forskare
Ohlsson, Henry, Professor