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Simulating mining policies in developing countries: The case of Colombia


  • Arango-Aramburo, Santiago
  • Jaramillo, Patricia
  • Olaya, Yris
  • Smith, Ricardo
  • Restrepo, Oscar J.
  • Saldarriaga-Isaza, Adrián
  • Arias-Gaviria, Jessica
  • Parra, Juan F.
  • Larsen, Erik R.
  • Gomez-Rios, Luz M.
  • Castellanos-Niño, Lady Y.


Mining represents an important economic sector in almost all countries, especially the developing ones. The planning in this area is complex due to the interaction between different aspects like economic factors, environmental and social issues, and government regulation. A tool for policy analysis is needed to understand and test the effects of new and existing policies and avoid unanticipated side effects. The article develops a generic model for analyzing the mining sector of a country and demonstrates how it can be calibrated to test a set of alternative scenarios for the future of mining in Colombia.

Suggested Citation

  • Arango-Aramburo, Santiago & Jaramillo, Patricia & Olaya, Yris & Smith, Ricardo & Restrepo, Oscar J. & Saldarriaga-Isaza, Adrián & Arias-Gaviria, Jessica & Parra, Juan F. & Larsen, Erik R. & Gomez-Rios, 2017. "Simulating mining policies in developing countries: The case of Colombia," Socio-Economic Planning Sciences, Elsevier, vol. 60(C), pages 99-113.
  • Handle: RePEc:eee:soceps:v:60:y:2017:i:c:p:99-113
    DOI: 10.1016/j.seps.2017.04.002

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    References listed on IDEAS

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    Cited by:

    1. Arango-Aramburo, Santiago & Bernal-García, Sebastián & Larsen, Erik R., 2021. "Renewable energy sources and the cycles in deregulated electricity markets," Energy, Elsevier, vol. 223(C).
    2. Singha Mahapatra, Maheswar & Mahanty, Biswajit, 2020. "Policies for managing peak stock of food grains for effective distribution: A case of the Indian food program," Socio-Economic Planning Sciences, Elsevier, vol. 71(C).

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