 Quels sont les effets des recettes pétrolières sur le capital humain en zone CEMAC ?What impact do oil rents have on human capital in the CEMAC region?Amadou Fompehou MPRA Paper from University Library of Munich, Germany Abstract: This article examines the effects of oil revenues on human capital in CEMAC countries over the period 1995–2020. The study is based on a dynamic panel of five countries (Cameroon, Congo, Gabon, Equatorial Guinea and Chad). The data are sourced from the IMF, the World Bank (WDI), the UNDP and the Worldwide Governance Indicators (WGI). The author employs the Blundell and Bond (1998) GMM system estimator to address the endogeneity and persistence of human capital, supplemented by interaction term models and robustness tests (stationarity, cross-sectional dependence). The analyses reveal a negative or non-significant effect of oil revenues on human capital indicators (school enrolment, life expectancy, HDI-education). Institutional quality acts as a powerful positive moderator, whilst revenue volatility has a detrimental effect. These results highlight the need for better governance, stabilisation funds and a more efficient allocation of oil revenues towards education and health. Keywords: Oil revenue; Human capital; Institution (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:129352 Access Statistics for this paper More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC. |
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