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

Social Indicators Research · 3 authors, 2 centres

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TL;DR

This panel data study of 34 European countries from 2015 to 2019 used fixed-effects models to examine the relationship between education, culture, and poverty. The central result is that higher levels of education and culture are associated with reduced poverty.

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The study analyzed panel data from 34 European countries over five years (2015–2019) to investigate the relationship between education, culture, and poverty. The authors applied pooled OLS, fixed-effects (FE), and random-effects (RE) models, with the FE model selected as optimal.

STUDY TYPE

cohort

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epidemiology

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ORIGINAL PAPER

PMC10265551

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

Social Indicators Research

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ABSTRACT

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.

CITATION EXPORT

A. Spada, M. Fiore, A. Galati. The Impact of Education and Culture on Poverty Reduction: Evidence from Panel Data of European Countries. Social Indicators Research. (2023). https://doi.org/10.1007/s11205-023-03155-0

AUTHORS

3 · 2 CENTRES

A. Spada, M. Fiore, A. Galati

1grid.10796.390000000121049995Department of Economics, University of Foggia, 71121 Foggia, Italy
2grid.10776.370000 0004 1762 5517Department of Agricultural, Food and Forest Sciences, University of Palermo, Viale Delle Scienze, 90128 Palermo, Italy