Human capital and poverty reduction in OPEC member-countries

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

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Abstract

A vast study has shown a mixed result on the implications of a natural resource on growth and poverty. Theoretically, 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. To ensure inclusiveness in growth, it is essential to focus on human capital models that incorporate the components of poverty reduction. As a result, this study investigates the interactive relationship between human capital components and poverty reduction in OPEC member countries. It is a cross-country study of a panel fully modified least-squares of 12 countries within the OPEC region. The interactive effects of the components of human capital development have a long-run impact on poverty reduction in OPEC member countries. Besides, human capital components confirm a positive effect on poverty reduction. Thus, since human capital is a crucial determinant of improving economic growth, OPEC member countries should invest more on the quality of human capital through education and health to improve the living standard of people and societal welfare

Item Type:	Article
Uncontrolled Keywords:	Economics Societal welfare Human capital OPEC Poverty reduction
Subjects:	H Social Sciences > HB Economic Theory H Social Sciences > HC Economic History and Conditions H Social Sciences > HG Finance H Social Sciences > HJ Public Finance
Divisions:	Faculty of Law, Arts and Social Sciences > School of Social Sciences
Depositing User:	nwokealisi
Date Deposited:	23 Feb 2024 14:32
Last Modified:	23 Feb 2024 14:32
URI:	http://eprints.covenantuniversity.edu.ng/id/eprint/17814

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