Education, Corruption and the Natural Resource Curse

Iván Aldave (ivan.aldave@bcrp.gob.pe) and Cecilia Garcia-Penalosa (cecilia.garcia-penalosa@univ-amu.fr)
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Iván Aldave: Central Bank of Peru and GREQAM

No 2009-005, Working Papers from Banco Central de Reserva del Perú

Abstract: The empirical evidence on the determinants of growth across countries has found that growth is lower when natural resources are abundant, corruption widespread and educational attainment low. An extensive literature has examined the way in which these three variables can impact growth, but has tended to address them separately. In this paper we argue that corruption and education are interrelated and that both crucially depend on a country’s endowment of natural resources. The key element is the fact that resources affect the relative returns to investing in human and in political capital, and, through these investments, output levels and growth. In this context, inequality plays a key role both as a determinant of the possible equilibria of the economy and as an outcome of the growth process.

Keywords: natural resources; corruption; human capital; growth; inequality (search for similar items in EconPapers)
JEL-codes: O11 O13 O15 (search for similar items in EconPapers)
Date: 2009-04
New Economics Papers: this item is included in nep-dev, nep-edu, nep-ene, nep-env, nep-fdg, nep-hrm, nep-lab and nep-pol
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Citations: View citations in EconPapers (1)

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Working Paper: Education, Corruption and the Natural Resource Curse (2008)
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