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Quels sont les effets des recettes pétrolières sur le capital humain en zone CEMAC ?
[What impact do oil rents have on human capital in the CEMAC region?]

Author

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  • FOMPEHOU, Amadou

Abstract

This article examines the effects of oil revenues on human capital in CEMAC countries over the period 1995–2020. The study is based on a dynamic panel of five countries (Cameroon, Congo, Gabon, Equatorial Guinea and Chad). The data are sourced from the IMF, the World Bank (WDI), the UNDP and the Worldwide Governance Indicators (WGI). The author employs the Blundell and Bond (1998) GMM system estimator to address the endogeneity and persistence of human capital, supplemented by interaction term models and robustness tests (stationarity, cross-sectional dependence). The analyses reveal a negative or non-significant effect of oil revenues on human capital indicators (school enrolment, life expectancy, HDI-education). Institutional quality acts as a powerful positive moderator, whilst revenue volatility has a detrimental effect. These results highlight the need for better governance, stabilisation funds and a more efficient allocation of oil revenues towards education and health.

Suggested Citation

  • FOMPEHOU, Amadou, 2026. "Quels sont les effets des recettes pétrolières sur le capital humain en zone CEMAC ? [What impact do oil rents have on human capital in the CEMAC region?]," MPRA Paper 129352, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:129352
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    JEL classification:

    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • Q30 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - General

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