Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/290044 
Year of Publication: 
2022
Series/Report no.: 
IDB Working Paper Series No. IDB-WP-1355
Publisher: 
Inter-American Development Bank (IDB), Washington, DC
Abstract: 
We study the impact of natural resource royalties on educational outcomes in Colombia. We analyze a reform enacted in 2012 that made the distribution of these royalties more equitable. Before the reform, most royalties were assigned to the regions where the natural resources were exploited; with the reform non-producing regions started to receive royalties. We estimate the impact of the reform on regions that most benefited from it, using the international price of oil as an instrument in a difference-in-differences framework. We found positive impacts on enrollment in primary, secondary, and high schools, but no conclusive evidence on academic achievement at any of these levels.
Subjects: 
royalties
education
public finance
instrumental variables
JEL: 
C26
H52
H72
O13
O54
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Working Paper

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