Publications

July 7, 2017

Consequences Of School Resources For Educational Achievement

This paper examines the
determinants of educational achievement in a developing country context,
Burkina Faso. We deviate from the extant literature by constructing an
aggregate index of school quality from the observable school resources. Also, we
account for school choice constraints, faced by children especially in rural
areas, as it relates to the geographical inequalities in the distribution of
quality schools. These treatments provide an unbiased estimates of the
relevance of school resources for academic performance. The empirical approach
is based on a two-stage procedure that accounts for supply constraints in
school choice.

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Nigeria Economic Update (Issue 25)

Crude oil price continued to increase in the period under review, reaching its 2016 peak at $50.30 on June 2, 2016. Specifically, OPEC weekly basket price increased by 1.43 percent from $44.65 on May 27, 2016 to $45.29 on June 3, 2016. Brent was sold for $49.96 on June 3, 2016. The present rise in crude oil price can be attributed to oil production shocks in several oil-exporting countries, and the general expectation of a further cut in output following the OPEC meeting in Vienna on June 2, 2016. However, the OPEC meeting ended with no agreement on production quotas. In Nigeria, oil production level increased in the period under review, following repairs on some of the damaged oil and gas facilities. Precisely, Nigerias output increased by 200,000 barrels on June 3, 2016 to 1.6 million barrels.