Human capital and poverty reduction in OPEC member-countries

Olopade, B. C. and Okodua, Henry and Oladosun, Muyiwa and Asaleye, Abiola John (2019) Human capital and poverty reduction in OPEC member-countries. Heliyon, 5 (8). ISSN 2405-8440

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A vast study has shown a mixed result on the implications of a natural resource on growth and poverty. Theo-retically, the Resource Curse Hypothesis stresses that natural resource serves as an obstacle for growth. However,the connection between human capital and poverty in OPEC member countries remain under-researched. Toensure inclusiveness in growth, it is essential to focus on human capital models that incorporate the componentsof poverty reduction. As a result, this study investigates the interactive relationship between human capitalcomponents and poverty reduction in OPEC member countries. It is a cross-country study of a panel fully modifiedleast-squares of 12 countries within the OPEC region. The interactive effects of the components of human capitaldevelopment have a long-run impact on poverty reduction in OPEC member countries. Besides, human capitalcomponents confirm a positive effect on poverty reduction. Thus, since human capital is a crucial determinant ofimproving economic growth, OPEC member countries should invest more on the quality of human capital througheducation and health to improve the living standard of people and societal welfare.

Item Type: Article
Subjects: H Social Sciences > HB Economic Theory
Date Deposited: 19 Sep 2019 14:17
Last Modified: 19 Sep 2019 14:17

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