Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/290053 
Year of Publication: 
2022
Series/Report no.: 
IDB Working Paper Series No. IDB-WP-1349
Publisher: 
Inter-American Development Bank (IDB), Washington, DC
Abstract: 
To study the causal impact of oil royalties on human capital, we exploit quasi-experimental variation arising from a law in Ecuador that transfers resources to municipalities regardless of their oil-producing status. We find that royalties increase the likelihood of students completing primary and secondary education. Students reaching high school are also more likely to pass and excel on the exit exam. Furthermore, schools are more likely to remain open, increase their size, and become more road-accessible. However, the likelihood of students pursuing higher education decreases as they face steeper opportunity costs when labor demand increases.
Subjects: 
natural resources
oil royalties
transfers
human capital
Ecuador
JEL: 
I25
O13
O15
Q32
Q35
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Working Paper

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