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Political orientation and education investment: an OECD perspective
Published online by Cambridge University Press: 11 March 2024
Abstract
This paper explores the potential causal relationship between political orientation and education investment by using panel data from 21 OECD countries from 1970 to 2020 and utilizing estimators that address endogeneity (i.e. 2SLS, System GMM, and Lewbel 2SLS). In particular, using communist influence as a physical instrument for political orientation, we find a positive impact of the right political orientation on education investment, and the impact of the left orientation is negative. The positive impact from the right orientation is also stronger than the negative impact from the left. Moreover, these core results are robust to alternative measures of political orientation and education investment, alternative estimators that address endogeneity, and the moderation effect of innovation.
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- Research Article
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- © The Author(s), 2024. Published by Cambridge University Press on behalf of Vinod K. Aggarwal
References
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