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Human Capital Accumulation and Resource Abundance
https://doi.org/10.32609/0042-8736-2011-12-66-77
Abstract
Does resource abundance positively affect human capital accumulation? Or, alternatively, does it «crowd out» the human capital leading to the deterioration of economic growth? The paper gives an overview of the relevant literature and discusses both theoretical and empirical results obtained regarding the connection between human capital accumulation and resource abundance. It shows that despite some theoretical predictions about the harmful effect of resource abundance on human capital accumulation, unambiguous evidence of such impact that would be robust with respect to the change of resource abundance parameter has not been obtained yet.
About the Author
O. Vasilieva
Amur State University; Economic Research Institute of the Far-Eastern Branch of the Russian Academy of Sciences
Russian Federation
Russian Federation
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Review
For citations:
Vasilieva O. Human Capital Accumulation and Resource Abundance. Voprosy Ekonomiki. 2011;(12):66-77. (In Russ.) https://doi.org/10.32609/0042-8736-2011-12-66-77
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