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Direct economic return to government of public geoscience information investments in Chile

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  • Gildemeister, Martin
  • Jara, J. Joaquín
  • Lagos, Gustavo
  • Marquardt, Carlos
  • Espinoza, Felipe

Abstract

This article presents the first attempt to evaluate the direct economic return of the provision of public geoscience information in Chile. To achieve this goal the study uses multiplier effect ratios through the value chain of PGI and a probabilistic discounted cash flow model to evaluate the economic returns of different scenarios for the ongoing governmental program mandated to generate country-scale geological information, named the National Geological Program.

Suggested Citation

  • Gildemeister, Martin & Jara, J. Joaquín & Lagos, Gustavo & Marquardt, Carlos & Espinoza, Felipe, 2018. "Direct economic return to government of public geoscience information investments in Chile," Resources Policy, Elsevier, vol. 55(C), pages 152-162.
    • Handle: RePEc:eee:jrpoli:v:55:y:2018:i:c:p:152-162
    DOI: 10.1016/j.resourpol.2017.11.013
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    References listed on IDEAS

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    1. Jara, J. Joaquín, 2017. "Determinants of country competitiveness in attracting mining investments: An empirical analysis," Resources Policy, Elsevier, vol. 52(C), pages 65-71.
    2. Bernknopf, Richard L. & Brookshire, David S. & McKee, Michael & Soller, David R., 1997. "Estimating the Social Value of Geologic Map Information: A Regulatory Application," Journal of Environmental Economics and Management, Elsevier, vol. 32(2), pages 204-218, February.
    3. Jara, J. Joaquin & Lagos, Gustavo & Tilton, John E., 2008. "Using exploration expenditures to assess the climate for mineral investment," Resources Policy, Elsevier, vol. 33(4), pages 179-187, December.
    4. Fogarty, James J. & Sagerer, Simon, 2016. "Exploration externalities and government subsidies: The return to government," Resources Policy, Elsevier, vol. 47(C), pages 78-86.
    5. Juan Braun-Llona & Matías Braun-Llona & Ignacio Briones & José Díaz & Rolf Lüders & Gert Wagner, "undated". "Economía Chilena 1810-1995. Estadísticas Históricas," Documentos de Trabajo 187, Instituto de Economia. Pontificia Universidad Católica de Chile..
    6. Nicky J. Welton & Howard H. Z. Thom, 2015. "Value of Information," Medical Decision Making, , vol. 35(5), pages 564-566, July.
    7. Häggquist, Elisabeth & Söderholm, Patrik, 2015. "The economic value of geological information: Synthesis and directions for future research," Resources Policy, Elsevier, vol. 43(C), pages 91-100.
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    Cited by:

    1. Fernandez, Viviana, 2019. "Assessing cycles of mine production and prices of industrial metals," Resources Policy, Elsevier, vol. 63(C), pages 1-1.

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