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Does Human Capital Mitigate Resource Curse? Evidence in the Short- and Long-Run

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  • Ibrahima Coulibaly
  • Jebaraj Asirvatham

Abstract

This paper examines the short-term and long-term relationships among natural resources, human capital, and growth in Mali in an Autoregressive Distributed Lag-Error Correction Model framework. In the presence of natural resources, we find that human capital has a positive impact on growth over time. Results show a long-term, stable and positive relationship between economic growth, natural resources, and human capital. Furthermore, the results do not show evidence of Dutch disease or the presence of any natural resource curse in Mali.

Suggested Citation

  • Ibrahima Coulibaly & Jebaraj Asirvatham, 2021. "Does Human Capital Mitigate Resource Curse? Evidence in the Short- and Long-Run," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 13(10), pages 157-157, September.
  • Handle: RePEc:ibn:ijefaa:v:13:y:2021:i:10:p:157
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    References listed on IDEAS

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    1. Uwe Hassler & Jürgen Wolters, 2006. "Autoregressive distributed lag models and cointegration," AStA Advances in Statistical Analysis, Springer;German Statistical Society, vol. 90(1), pages 59-74, March.
    2. Engle, Robert & Granger, Clive, 2015. "Co-integration and error correction: Representation, estimation, and testing," Applied Econometrics, Russian Presidential Academy of National Economy and Public Administration (RANEPA), vol. 39(3), pages 106-135.
    3. Auty, Richard M., 2007. "Natural resources, capital accumulation and the resource curse," Ecological Economics, Elsevier, vol. 61(4), pages 627-634, March.
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    More about this item

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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