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Monetary Poverty and Education in Russia

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  • Boris I. Alekhin

    (Moscow, Russian Federation)

Abstract

Russian economic literature on poverty abounds with empirically unsupported assertions about the positive relationship between education and living standards. The purpose of this study is to find empirical evidence of this relationship using panel data for 82 regions of the Russian Federation for 2000–2021. We applied a dynamic OLS estimator to estimate a panel cointegrating equation and found strong negative and statistically significant dependence of indicators of absolute and relative monetary poverty on the highest level of education of the regional working-age population. We also performed the Dumitrescu-Hurlin pairwise causality test, which shows that higher education does not homogeneously cause more absolute monetary poverty, but more absolute monetary poverty does homogeneously cause better education as people try to avoid poverty by raising their educational level. The results of these econometric procedures suggest that the purpose of the study has been achieved.

Suggested Citation

  • Boris I. Alekhin, 2023. "Monetary Poverty and Education in Russia," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 4, pages 43-62, August.
    • Handle: RePEc:fru:finjrn:230403:p:43-62
    DOI: 10.31107/2075-1990-2023-4-43-62
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    References listed on IDEAS

    as
    1. Dumitrescu, Elena-Ivona & Hurlin, Christophe, 2012. "Testing for Granger non-causality in heterogeneous panels," Economic Modelling, Elsevier, vol. 29(4), pages 1450-1460.
    2. Nicola Gennaioli & Rafael La Porta & Florencio Lopez-de-Silanes & Andrei Shleifer, 2013. "Human Capital and Regional Development," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 128(1), pages 105-164.
    3. 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.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    monetary poverty; education; cointegration; region; Russia;
    All these keywords.

    JEL classification:

    • I24 - Health, Education, and Welfare - - Education - - - Education and Inequality
    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models

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