Attracting mining investments: the relationship between natural endowments and public policies

Simple item page
dc.contributor.authorJara Donoso, José Joaquín
dc.contributor.authorDelucchi Danhier, Stefano Andreas
dc.contributor.authorPeters Nuñez, David
dc.contributor.authorLagos, Gustavo
dc.contributor.authorMarquardt R., Carlos
dc.date.accessioned2021-12-03T13:16:52Z
dc.date.available2021-12-03T13:16:52Z
dc.date.issued2020
dc.description.abstractMining jurisdictions avid to attract international investments to find and exploit their mineral deposits contend for international capitals. This led to policymakers, analysts, and companies to think about the factors affecting the competitiveness of mining districts. The traditional paradigm states that the capacity of a country or jurisdiction to attract investments and develop its local industry is a function exclusively of the quantity and quality of the ore deposits within its territory. On the other hand, the alternative view suggests that the previous conception is incomplete, because companies not only look for a good geologic potential but also for a favorable investment climate (Tilton 1992). Through cross-country econometric models covering the years 1996 to 2014, this work supports the alternative paradigm of mining competitiveness and tries to contribute to a better understanding of the relationship between the geological potential and the investment climate when determining the attraction of mining investments. The study concludes that, in order to develop a local mining industry, a country should have a wealthy natural endowment, but also it must offer a good investment climate. In addition, it shows that both variables are related through a multiplicative effect, but once public policies and other contextual variables reach certain reasonable levels (the “investment climate threshold”), jurisdictions compete almost exclusively based on its natural endowment. These results have significant implications for the implementation of public policies, especially in periods when mining contribution to social welfare is under scrutiny.
dc.fuente.origenORCID
dc.identifier.doi10.1007/s13563-020-00230-7
dc.identifier.issn2191-2203
dc.identifier.urihttps://www.doi.org/10.1007/s13563-020-00230-7
dc.identifier.urihttp://www.scopus.com/inward/record.url?eid=2-s2.0-85087076454&partnerID=MN8TOARS
dc.identifier.urihttps://repositorio.uc.cl/handle/11534/63001
dc.information.autorucEscuela de ingeniería ; Jara Donoso, José Joaquín ; S/I ; 15397
dc.information.autorucEscuela de ingeniería ; Delucchi Danhier, Stefano Andreas ; S/I ; 224684
dc.information.autorucEscuela de ingeniería ; Peters Nuñez, David ; S/I ; 1771
dc.information.autorucEscuela de ingeniería ; Lagos, Gustavo ; S/I ; 99352
dc.information.autorucEscuela de ingeniería ; Marquardt R., Carlos. ; 0000-0002-8571-5931 ; 1012334
dc.issue.numeroNo. 1-2
dc.language.isoen
dc.nota.accesoContenido completo
dc.pagina.final243
dc.pagina.inicio231
dc.provenancengjara 2021-12-03 10:16:51
dc.relation.isformatofMineral Economics, vol. 33, no. 1-2 (jul. 2020), pp. 231-243.
dc.revistaMineral Economics
dc.rightsacceso abierto
dc.subjectCompetitiveness
dc.subjectCross-country models
dc.subjectExploration expenditures
dc.subjectGeologic potential
dc.subjectIndex of economic freedom
dc.subjectInvestment climate
dc.subject.ddc330
dc.subject.deweyEconomíaes_ES
dc.subject.otherEconomía
dc.titleAttracting mining investments: the relationship between natural endowments and public policies
dc.typeartículo
dc.volumenVol. 33
sipa.codpersvinculados15397
sipa.codpersvinculados224684
sipa.codpersvinculados1771
sipa.codpersvinculados99352
sipa.codpersvinculados1012334
Files
Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
Jara2020_Article_AttractingMiningInvestmentsThe.pdf
Size:
859 KB
Format:
Adobe Portable Document Format
Description:
Download
Collections
Artículos de revistas