Oil abundance and human capital in Malaysia: A multivariate cointegration analysis
A large body of literature shows that resource-rich countries tend to have higher rates of autocracy and confrontation, lower rates of economic stability and growth as well as less developed human capital. On top of that, many studies are wary of the crowding-out effect of natural resource dependenc...
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Econjournals
2023
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| _version_ | 1833412706301902848 |
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| author | Sapuan N.M. Roly M.R. |
| author2 | 49964398700 |
| author_facet | 49964398700 Sapuan N.M. Roly M.R. |
| author_sort | Sapuan N.M. |
| building | UNITEN Library |
| collection | Institutional Repository |
| content_provider | Universiti Tenaga Nasional |
| content_source | UNITEN Institutional Repository |
| continent | Asia |
| country | Malaysia |
| description | A large body of literature shows that resource-rich countries tend to have higher rates of autocracy and confrontation, lower rates of economic stability and growth as well as less developed human capital. On top of that, many studies are wary of the crowding-out effect of natural resource dependence by the rich-resource countries on human capital development. It is of great interest to determine how Malaysia as an oil abundance country manages its natural resource wealth to develop the human capital of this country. Thus, this study utilised data from the World Bank covering the period of 1980-2017. The empirical analysis was performed using an ARDL bound testing procedure and a few cointegration methods such as FMOLS, DOLS and CCR to obtain robust estimations. The results showed mixed results between fuel exports and oil and gas rent with human capital development. � 2020, Econjournals. All rights reserved. |
| format | Article |
| id | my.uniten.dspace-25751 |
| institution | Universiti Tenaga Nasional |
| publishDate | 2023 |
| publisher | Econjournals |
| record_format | dspace |
| spelling | my.uniten.dspace-257512023-05-29T16:13:48Z Oil abundance and human capital in Malaysia: A multivariate cointegration analysis Sapuan N.M. Roly M.R. 49964398700 56958515500 A large body of literature shows that resource-rich countries tend to have higher rates of autocracy and confrontation, lower rates of economic stability and growth as well as less developed human capital. On top of that, many studies are wary of the crowding-out effect of natural resource dependence by the rich-resource countries on human capital development. It is of great interest to determine how Malaysia as an oil abundance country manages its natural resource wealth to develop the human capital of this country. Thus, this study utilised data from the World Bank covering the period of 1980-2017. The empirical analysis was performed using an ARDL bound testing procedure and a few cointegration methods such as FMOLS, DOLS and CCR to obtain robust estimations. The results showed mixed results between fuel exports and oil and gas rent with human capital development. � 2020, Econjournals. All rights reserved. Final 2023-05-29T08:13:48Z 2023-05-29T08:13:48Z 2020 Article 10.32479/ijeep.8578 2-s2.0-85082126212 https://www.scopus.com/inward/record.uri?eid=2-s2.0-85082126212&doi=10.32479%2fijeep.8578&partnerID=40&md5=de9c1ec2cc0fca0648f5649e5ceba1bc https://irepository.uniten.edu.my/handle/123456789/25751 10 3 303 310 All Open Access, Gold Econjournals Scopus |
| spellingShingle | Sapuan N.M. Roly M.R. Oil abundance and human capital in Malaysia: A multivariate cointegration analysis |
| title | Oil abundance and human capital in Malaysia: A multivariate cointegration analysis |
| title_full | Oil abundance and human capital in Malaysia: A multivariate cointegration analysis |
| title_fullStr | Oil abundance and human capital in Malaysia: A multivariate cointegration analysis |
| title_full_unstemmed | Oil abundance and human capital in Malaysia: A multivariate cointegration analysis |
| title_short | Oil abundance and human capital in Malaysia: A multivariate cointegration analysis |
| title_sort | oil abundance and human capital in malaysia: a multivariate cointegration analysis |
| url_provider | http://dspace.uniten.edu.my/ |