IDEAS home Printed from https://ideas.repec.org/a/eaa/eerese/v19y2019i2_1.html
   My bibliography  Save this article

Regional And Sectoral Effects Of Natural Resource Booms: Interrelationships In Peru, 2001-2015

Author

Listed:
  • Luis Eduardo REINA-BERMUDEZ
  • Lino Max SANTA-TSAMAREN

Abstract

This study demonstrates, by various geostatistical and descriptive resources, that natural resource booms causing Dutch disease can generate effects more acute in regions of a country where the natural resource (NR) boom originates; this would merit special regional development programs for these regions. However, the particularities of Peru involve dispersion of mineral and hydrocarbon resources. Adverse effects of NR booms can be seen in the tradable sectors of agriculture and manufacturing in terms of lower growth rates. However, in non-tradable sectors, there is evidence that the building sector increased overall and not always in services regional-sectors.

Suggested Citation

  • Luis Eduardo REINA-BERMUDEZ & Lino Max SANTA-TSAMAREN, 2019. "Regional And Sectoral Effects Of Natural Resource Booms: Interrelationships In Peru, 2001-2015," Regional and Sectoral Economic Studies, Euro-American Association of Economic Development, vol. 19(2), pages 5-16.
    • Handle: RePEc:eaa:eerese:v:19:y2019:i:2_1
    as

    Download full text from publisher

    File URL: http://www.usc.es/~economet/reviews/eers1921.pdf
    Download Restriction: No.
    ---><---

    References listed on IDEAS

    as
    1. James, Alexander G. & James, Robert G., 2011. "Do resource dependent regions grow slower than they should?," Economics Letters, Elsevier, vol. 111(3), pages 194-196, June.
    2. MacKellar, Landis & Woergoetter, Andreas & Woerz, Julia, 2000. "Economic Development Problems of Landlocked Countries," Transition Economics Series 14, Institute for Advanced Studies.
    3. Auty, Richard M., 2001. "The political economy of resource-driven growth," European Economic Review, Elsevier, vol. 45(4-6), pages 839-846, May.
    4. Jeffrey D. Sachs & Andrew M. Warner, 1995. "Natural Resource Abundance and Economic Growth," NBER Working Papers 5398, National Bureau of Economic Research, Inc.
    5. Jeffrey Frankel, 2012. "The Natural Resource Curse: A Survey of Diagnoses and Some Prescriptions," Growth Lab Working Papers 36, Harvard's Growth Lab.
    6. Efraín Gonzales De Olarte & Jorge Trelles Cassinelli, 2004. "Divergencia y convergencia regional en el Perú: 1978-1992," Revista Economía, Fondo Editorial - Pontificia Universidad Católica del Perú, issue 53-54, pages 35-64.
    7. Gylfason, Thorvaldur & Herbertsson, Tryggvi Thor & Zoega, Gylfi, 1999. "A Mixed Blessing," Macroeconomic Dynamics, Cambridge University Press, vol. 3(2), pages 204-225, June.
    8. Donald Freeman, 2009. "The 'Resource Curse' and regional US development," Applied Economics Letters, Taylor & Francis Journals, vol. 16(5), pages 527-530.
    9. Manuel Glave & Juana Kuramoto, 2007. "La minería peruana: lo que sabemos y lo que aún nos falta saber," Capitulos de Libros, in: Grade (ed.), Investigación, políticas y desarrollo en el Perú, edition 1, volume 1, chapter 4, pages 135-181, Grupo de Análisis para el Desarrollo (GRADE).
    10. Anne D. Boschini & Jan Pettersson & Jesper Roine, 2007. "Resource Curse or Not: A Question of Appropriability," Scandinavian Journal of Economics, Wiley Blackwell, vol. 109(3), pages 593-617, September.
    11. Auty, R. & Warhurst, A., 1993. "Sustainable development in mineral exporting economies," Resources Policy, Elsevier, vol. 19(1), pages 14-29, March.
    12. Allyn Young, 2005. "Increasing Returns and Economic Progress," World Scientific Book Chapters, in: Guang-Zhen Sun (ed.), Readings In The Economics Of The Division Of Labor The Classical Tradition, chapter 23, pages 234-248, World Scientific Publishing Co. Pte. Ltd..
    13. Jason Brown, 2014. "Production of natural gas from shale in local economies: a resource blessing or curse?," Economic Review, Federal Reserve Bank of Kansas City, issue Q I, pages 1-29.
    14. Weber, Jeremy G., 2012. "The effects of a natural gas boom on employment and income in Colorado, Texas, and Wyoming," Energy Economics, Elsevier, vol. 34(5), pages 1580-1588.
    15. Chirinos, Raymundo, 2015. "Conflicto social e inversión minera en el Perú," Revista Moneda, Banco Central de Reserva del Perú, issue 162, pages 38-44.
    16. Weinstein, Amanda L., 2014. "Local Labor Market Restructuring in the Shale Boom," Journal of Regional Analysis and Policy, Mid-Continent Regional Science Association, vol. 44(1).
    Full references (including those not matched with items on IDEAS)

    Citations

    Blog mentions

    As found by EconAcademics.org, the blog aggregator for Economics research:
    1. 40. Lists of articles on economic development of journal RSES, 2001-2020
      by MCG Blogs de Economía in Euro-American Association: World Development on 2020-02-25 20:32:00

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Tsvetkova, Alexandra & Partridge, Mark, 2017. "The shale revolution and entrepreneurship: An assessment of the relationship between energy sector expansion and small business entrepreneurship in US counties," Energy, Elsevier, vol. 141(C), pages 423-434.
    2. Tsvetkova, Alexandra & Partridge, Mark D., 2016. "Economics of modern energy boomtowns: Do oil and gas shocks differ from shocks in the rest of the economy?," Energy Economics, Elsevier, vol. 59(C), pages 81-95.
    3. Guan, Jialin & Kirikkaleli, Dervis & Bibi, Ayesha & Zhang, Weike, 2020. "Natural resources rents nexus with financial development in the presence of globalization: Is the “resource curse” exist or myth?," Resources Policy, Elsevier, vol. 66(C).
    4. Timothy W. Kelsey & Mark D. Partridge & Nancy E. White, 2016. "Unconventional Gas and Oil Development in the United States: Economic Experience and Policy Issues," Applied Economic Perspectives and Policy, Agricultural and Applied Economics Association, vol. 38(2), pages 191-214.
    5. Waqar Wadho & Sadia Hussain, 2023. "Ethnic diversity, concentration of political power and the curse of natural resources," Economia Politica: Journal of Analytical and Institutional Economics, Springer;Fondazione Edison, vol. 40(1), pages 113-137, April.
    6. Weinstein, Amanda & Partridge, Mark & Tsvetkova, Alexandra, 2017. "Follow the Money: How Does the Income Flow After an Energy Boom," MPRA Paper 77336, University Library of Munich, Germany.
    7. Mark Partridge & Shawn M. Rohlin & Amanda L. Weinstein, 0. "Firm formation and survival in the shale boom," Small Business Economics, Springer, vol. 0, pages 1-22.
    8. Weinstein, Amanda L. & Partridge, Mark D. & Tsvetkova, Alexandra, 2018. "Follow the money: Aggregate, sectoral and spatial effects of an energy boom on local earnings," Resources Policy, Elsevier, vol. 55(C), pages 196-209.
    9. Shahbaz, Muhammad & Naeem, Muhammad & Ahad, Muhammad & Tahir, Iqbal, 2018. "Is natural resource abundance a stimulus for financial development in the USA?," Resources Policy, Elsevier, vol. 55(C), pages 223-232.
    10. Dauvin, Magali & Guerreiro, David, 2017. "The Paradox of Plenty: A Meta-Analysis," World Development, Elsevier, vol. 94(C), pages 212-231.
    11. Nicoletta Corrocher & Camilla Lenzi & Marie-Louise Deshaires, 2020. "The curse of natural resources: an empirical analysis of European regions," Regional Studies, Taylor & Francis Journals, vol. 54(12), pages 1694-1708, December.
    12. Chekouri, Sidi Mohamed & Benbouziane, Mohamed & Chibi, Abderrahim, 2017. "Oil rents and institutional quality: empirical evidence from Algeria," MPRA Paper 81862, University Library of Munich, Germany, revised Sep 2017.
    13. Grant Mark Nülle & Graham A. Davis, 2018. "Neither Dutch nor disease?—natural resource booms in theory and empirics," Mineral Economics, Springer;Raw Materials Group (RMG);Luleå University of Technology, vol. 31(1), pages 35-59, May.
    14. Marañon, Matias & Kumral, Mustafa, 2021. "Empirical analysis of Chile's copper boom and the Dutch Disease through causality and cointegration tests," Resources Policy, Elsevier, vol. 70(C).
    15. Tcheta-Bampa, Tcheta-Bampa & Kodila-Tedika, Oasis, 2018. "Dynamisation de la malédiction des ressources naturelles en Afrique sur les performances économiques : institution et guerre froide [Curse of Natural Resources and Economic Performance in Africa: I," MPRA Paper 86510, University Library of Munich, Germany.
    16. Khan, Muhammad Atif & Gu, Lulu & Khan, Muhammad Asif & Oláh, Judit, 2020. "Natural resources and financial development: The role of institutional quality," Journal of Multinational Financial Management, Elsevier, vol. 56(C).
    17. Ruba Abdullah Aljarallah, 2020. "The Economic Impacts of Natural Resource Dependency in Gulf Countries," International Journal of Energy Economics and Policy, Econjournals, vol. 10(6), pages 36-52.
    18. Shu Yang & Elyas Abdulahi & Muhammad Afaq Haider & Mohammed Asif Khan, 2019. "Revisiting the Curse: Resource Rent and Economic Growth of Sub-Sahara African Countries," International Journal of Economics and Financial Issues, Econjournals, vol. 9(1), pages 121-130.
    19. Bjørnland, Hilde C. & Thorsrud, Leif Anders & Torvik, Ragnar, 2019. "Dutch disease dynamics reconsidered," European Economic Review, Elsevier, vol. 119(C), pages 411-433.
    20. Betz, Michael R. & Partridge, Mark D. & Farren, Michael & Lobao, Linda, 2015. "Coal mining, economic development, and the natural resources curse," Energy Economics, Elsevier, vol. 50(C), pages 105-116.

    More about this item

    Keywords

    Dutch Disease; regional development; regional economy; industries allocation in regions.;
    All these keywords.

    JEL classification:

    • N56 - Economic History - - Agriculture, Natural Resources, Environment and Extractive Industries - - - Latin America; Caribbean
    • N66 - Economic History - - Manufacturing and Construction - - - Latin America; Caribbean
    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • R12 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography)

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eaa:eerese:v:19:y2019:i:2_1. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: M. Carmen Guisan (email available below). General contact details of provider: http://www.usc.es/economet/eaa.htm .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.