Sustainability education and resource curse control in the selected resource-rich economies

Zhuo Wang, Haoyuan Li and Yuan Zhang

Resources Policy, 2024, vol. 97, issue C

Abstract: The “resource curse” paradoxically impacts countries abundant in natural resources, presenting challenges despite their apparent benefits. In 20 such economies, the focus has shifted to using sustainability measures to address this curse, analyzed through Cross-Sectional Fully Modified Ordinary Least Squares. Between 1999 and 2018, sustainable education proved essential in mitigating resource curse vulnerabilities. For instance, a 1% rise in primary school enrollment correlates with a 0.16 decrease in the Resource Curse Vulnerability Index, aiding economic diversification. Similarly, a 1% increase in state education investment leads to a 0.54% reduction in the index, improving human capital and governance. However, higher inflation exacerbates vulnerability, while trade liberalization reduces dependence on resources. Increased electricity consumption and internet access may intensify risks. Effective policies should focus on increasing education investment, supporting Education for Sustainable Development, enhancing media advocacy, promoting renewable energy, and advancing sustainable digital transformation.

Keywords: Resource curse vulnerability; Education for sustainable development; Resource-rich countries; Resource abundant (search for similar items in EconPapers)
JEL-codes: I21 O13 Q32 Q33 Q56 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jrpoli:v:97:y:2024:i:c:s030142072400641x

DOI: 10.1016/j.resourpol.2024.105274

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