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PRECIO DEL SUELO Y REGALÍAS EN COLOMBIA: Un análisis espacial para los municipios productores de petróleo

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  • Hernán Enríquez Sierra

    ()

  • Carlos Barreto Nieto

    ()

  • Carolina Correa Caro

    ()

  • Jacobo Campo Robledo

    ()

Abstract

Resumen Las regiones que basan su actividad económica en la extracción de recursos mineros se caracterizan por la generación de rentas excedentes que generan efectos físicos e institucionales sobre el territorio. En este documento se analiza cómo las rentas relacionadas con los recursos de regalías tienen una incidencia sobre el valor del suelo de los municipios petroleros. Por medio de una aproximación hedónica se estiman los valores del suelo utilizando una especificación econométrica con errores correlacionados espacialmente. Se encuentra evidencia que sostiene que luego de controlar por variables de localización, ingresos y atributos locales, en aquellos municipios donde se reciben regalías, el precio del suelo es significativamente más alto. Se puede concluir siguiendo Roback (1982) que el efecto de las regalías que no se refleja en las condiciones de productividad local pero afecta el equilibrio espacial debido a un posible mayor consumo de amenidades. ________ Abstract Regions that base their economic activity on the extraction of mineral resources are characterized by generate over rents that have physical and institutional effects on the territory. This paper analyses how rents related with royalties have an impact on land values of petroleum producer municipalities. Through a hedonic approach land values are estimated using an econometric specification with spatial correlated errors. It is argued that after controlling by location, income and amenities variables, in those municipalities where royalties are perceived, land values are significantly higher. It can be concluded following Roback (1982) that the effect of royalties that is not reflected on local productivity conditions affects the spatial equilibrium due to a higher consumption of amenities.

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Bibliographic Info

Paper provided by UNIVERSIDAD CATOLICA DE COLOMBIA in its series DOCUMENTOS DE TRABAJO with number 010252.

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Length: 30
Date of creation: 11 Nov 2012
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Handle: RePEc:col:000444:010252

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