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The Impact of the Mining Boom in Colombia: the case of the gold

Author

Listed:
  • Jorge Barrientos Marín

    (Universidad de Antioquia)

  • Sebastián Ramírez

    (Universidad Autónoma Latinoamericana-UNAULA)

  • Elkin Tabares

    (Universidad Autónoma Latinoamericana-UNAULA)

Abstract

To degree to which communities have benefited from natural resource or commodity booms from mining, has been a topic that has elicited interest from a broad spectrum researchers. In this paper we are interested in investigating the local impact of mining activity, specifically related to gold, on several socio-economic population indicators in Colombia. By performing several statistical procedures, we find evidence that before the gold boom, the producing municipalities had life standard indicators which, on average, were similar to other municipalities that did not experience the mining boom. Our estimates suggest that the effect of the gold boom have had questionable impact on the socio-economic indicators like MPI and UBN

Suggested Citation

  • Jorge Barrientos Marín & Sebastián Ramírez & Elkin Tabares, 2016. "The Impact of the Mining Boom in Colombia: the case of the gold," Grupo Microeconomía Aplicada 75, Universidad de Antioquia, Departamento de Economía.
    • Handle: RePEc:lde:grupom:075
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    References listed on IDEAS

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    1. Frederick van der Ploeg, 2011. "Natural Resources: Curse or Blessing?," Journal of Economic Literature, American Economic Association, vol. 49(2), pages 366-420, June.
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    3. Guy Michaels, 2011. "The Long Term Consequences of Resource‐Based Specialisation," Economic Journal, Royal Economic Society, vol. 121(551), pages 31-57, March.
    4. Papyrakis, Elissaios & Gerlagh, Reyer, 2007. "Resource abundance and economic growth in the United States," European Economic Review, Elsevier, vol. 51(4), pages 1011-1039, May.
    5. Sachs, Jeffrey D. & Warner, Andrew M., 2001. "The curse of natural resources," European Economic Review, Elsevier, vol. 45(4-6), pages 827-838, May.
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    JEL classification:

    • C1 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General
    • C5 - Mathematical and Quantitative Methods - - Econometric Modeling
    • C52 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Evaluation, Validation, and Selection
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • Q3 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation

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