Abstracto

Natural resource, education and russian economic growth

Xie Jiwen

This paper investigates the relationship among resource abundance, education and economic growth, and show that an increase in resource income frustrates economic growth indirectly by increasing the rewards to unskilled labor. So it provides a mechanism interpretation of the phenomenon of resource curse, namely the crowding-out effect of natural resource exploitation towards education. Then it conducts empirical test by virtue of relevant Russian data and accordingly put forward specific policy suggestion.