Revue des Economies financières bancaires et de management
Volume 15, Numéro 1, Pages 139-156
2026-04-30

Resource Wealth And Human Capital: Examining The Impact Of Oil Price Shocks On Higher Education Spending In Algeria



Authors : Fassa Binafou . Zidat Rafika .

Abstract

This study examines the relationship between international oil price volatility and public expenditure on higher education in Algeria. Although oil wealth is commonly viewed as a driver of economic development, empirical research often underscores the “resource curse” phenomenon, wherein dependence on commodity exports impedes long-term growth. Drawing on the Dutch Disease framework of resource dependence, this research analyzes how fluctuations in hydrocarbon revenues shape government allocations to the education sector, a fundamental component of human capital formation. Using annual time-series data, the study applies an Autoregressive Distributed Lag (ARDL) cointegration approach to assess both short- and long-run dynamics between oil price shocks and educational spending. The results aim to identify the extent to which Algeria’s higher education funding is vulnerable to global energy market cycles, thereby offering evidence-based policy recommendations to insulate human capital investment from oil revenue instability.

Keywords

Public higher education expenditure ; Resource curse hypothesis ; ARDL Bounds Testing Approach ; Human capital investment ; Rentier state dynamics ; Algerian economy ; Oil Price Volatility

Les articles similaires

Performance Of Sovereign Wealth Funds Under The Current Oil Price Shock For The Period (2014-2017) Case Study Of The Algerian Sovereign Wealth Fund (rrf (

Benamara Dalila . 
pages 43-63.

The Effect Of Oil Price Shocks On The Economic Growth Of Oil Exporters In Mena Region By Using Panel Approach During The Period (1980-2014)

Warda Serhani .  Lazher Chine . 
pages 42-56.

The Impact Of Oil Prices Shocks On Government Spending In Algeria During The Period (1986-2019)

Merabet Assia . 
pages 303-318.

Future Visions And Directions Of Human Resource Management From The Perspective Of Classical And Modern Approaches (an Analytical Study Of Human Resource Management In Light Of The Resource-based Approach, The Knowledge-based Approach, And The Technological Approach)

Terfa Mohammed .  Hamla Azzedine .  Altaqqi Omar . 
pages 19-39.

The Asymmetric Impact Of Oil Price Shocks On The Evolution Of The Unemployment Rate In Algeria: New Evidence Using Nardl Analysis

Dahmani Mohamed Driouche .  Hamrit Abdelatif . 
pages 27-58.

Formats de citation