Oil abundance and human capital in Malaysia: A multivariate cointegration analysis

• Main Authors: Sapuan N.M., Roly M.R.
• Other Authors: 49964398700
• Format: Article
• Published: Econjournals 2023

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...