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Human Capital Accumulation and Resource Abundance

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  • O. VASILIEVA.

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.

Suggested Citation

  • O. Vasilieva., 2011. "Human Capital Accumulation and Resource Abundance," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 12.
  • Handle: RePEc:nos:voprec:2011-12-5
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    Cited by:

    1. Vasilyeva, O., 2012. "Does Abundance of Natural Resources Impair Investments in Education? Case of Russian Regions," Journal of the New Economic Association, New Economic Association, vol. 14(2), pages 67-81.

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