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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
    as

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    References listed on IDEAS

    as
    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.
    2. Paul Collier & Benedikt Goderis, 2007. "Commodity Prices, Growth, and the Natural Resource Curse: Reconciling a Conundrum," CSAE Working Paper Series 2007-15, Centre for the Study of African Economies, University of Oxford.
    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. Francesco Caselli & Guy Michaels, 2013. "Do Oil Windfalls Improve Living Standards? Evidence from Brazil," American Economic Journal: Applied Economics, American Economic Association, vol. 5(1), pages 208-238, January.
    5. 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.
    6. Sachs, Jeffrey D. & Warner, Andrew M., 2001. "The curse of natural resources," European Economic Review, Elsevier, vol. 45(4-6), pages 827-838, May.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    gold-mining; impact; spatial-spillover; socio economic indicators; treatment and control;
    All these keywords.

    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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