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The Impact of Education and Culture on Poverty Reduction: Evidence from Panel Data of European Countries

The 2030 Agenda has among its key objectives the poverty eradication through increasing the level of education. A good level of education and investment in culture of a country is in fact necessary to guarantee a sustainable economy, in which coexists satisfactory levels of quality of life and an eq...

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Autores principales: Spada, A., Fiore, M., Galati, A.
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Springer Netherlands 2023
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10265551/
https://www.ncbi.nlm.nih.gov/pubmed/37362180
http://dx.doi.org/10.1007/s11205-023-03155-0
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author Spada, A.
Fiore, M.
Galati, A.
author_facet Spada, A.
Fiore, M.
Galati, A.
author_sort Spada, A.
collection PubMed
description The 2030 Agenda has among its key objectives the poverty eradication through increasing the level of education. A good level of education and investment in culture of a country is in fact necessary to guarantee a sustainable economy, in which coexists satisfactory levels of quality of life and an equitable distribution of income. There is a lack of studies in particular on the relations between some significant dimensions, such as education, culture and poverty, considering time lags for the measurement of impacts. Therefore, this study aims to fill this gap by focusing on the relationship between education, culture and poverty based on a panel of data from 34 European countries, over a 5-year period, 2015–2019. For this purpose, after applying principal component analysis to avoid multicollinearity problems, the authors applied three different approaches: pooled-ordinary least squares model, fixed effect model and random effect model. Fixed-effects estimator was selected as the optimal and most appropriate model. The results highlight that increasing education and culture levels in these countries reduce poverty. This opens space to new research paths and policy strategies that can start from this connection to implement concrete actions aimed at widening and improving educational and cultural offer.
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spelling pubmed-102655512023-06-14 The Impact of Education and Culture on Poverty Reduction: Evidence from Panel Data of European Countries Spada, A. Fiore, M. Galati, A. Soc Indic Res Original Research The 2030 Agenda has among its key objectives the poverty eradication through increasing the level of education. A good level of education and investment in culture of a country is in fact necessary to guarantee a sustainable economy, in which coexists satisfactory levels of quality of life and an equitable distribution of income. There is a lack of studies in particular on the relations between some significant dimensions, such as education, culture and poverty, considering time lags for the measurement of impacts. Therefore, this study aims to fill this gap by focusing on the relationship between education, culture and poverty based on a panel of data from 34 European countries, over a 5-year period, 2015–2019. For this purpose, after applying principal component analysis to avoid multicollinearity problems, the authors applied three different approaches: pooled-ordinary least squares model, fixed effect model and random effect model. Fixed-effects estimator was selected as the optimal and most appropriate model. The results highlight that increasing education and culture levels in these countries reduce poverty. This opens space to new research paths and policy strategies that can start from this connection to implement concrete actions aimed at widening and improving educational and cultural offer. Springer Netherlands 2023-06-14 /pmc/articles/PMC10265551/ /pubmed/37362180 http://dx.doi.org/10.1007/s11205-023-03155-0 Text en © The Author(s) 2023 https://creativecommons.org/licenses/by/4.0/Open Access This article is licensed under a Creative Commons Attribution 4.0 International License, which permits use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons licence, and indicate if changes were made. The images or other third party material in this article are included in the article's Creative Commons licence, unless indicated otherwise in a credit line to the material. If material is not included in the article's Creative Commons licence and your intended use is not permitted by statutory regulation or exceeds the permitted use, you will need to obtain permission directly from the copyright holder. To view a copy of this licence, visit http://creativecommons.org/licenses/by/4.0/ (https://creativecommons.org/licenses/by/4.0/) .
spellingShingle Original Research
Spada, A.
Fiore, M.
Galati, A.
The Impact of Education and Culture on Poverty Reduction: Evidence from Panel Data of European Countries
title The Impact of Education and Culture on Poverty Reduction: Evidence from Panel Data of European Countries
title_full The Impact of Education and Culture on Poverty Reduction: Evidence from Panel Data of European Countries
title_fullStr The Impact of Education and Culture on Poverty Reduction: Evidence from Panel Data of European Countries
title_full_unstemmed The Impact of Education and Culture on Poverty Reduction: Evidence from Panel Data of European Countries
title_short The Impact of Education and Culture on Poverty Reduction: Evidence from Panel Data of European Countries
title_sort impact of education and culture on poverty reduction: evidence from panel data of european countries
topic Original Research
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10265551/
https://www.ncbi.nlm.nih.gov/pubmed/37362180
http://dx.doi.org/10.1007/s11205-023-03155-0
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