IDEAS home Printed from https://ideas.repec.org/p/oec/traaab/186-en.html
   My bibliography  Save this paper

Managing the Minerals Sector: Implications for Trade from Peru and Colombia

Author

Listed:
  • Jane Korinek

    (OECD)

Abstract

Managing and regulating the extractive industries can pose substantial challenges to minerals-rich countries. Aiming to overcome the “resource curse”, some countries attempt to generate greater gains from their natural resources by using trade policy instruments such as export restrictions. Others look to create a balanced regulatory framework to maximise gains from sustainable extraction and minimise the negative spillover effects. Colombia and Peru have aimed to do the latter. This study examines their experiences as regards some aspects of the management of their extractive industries. In particular, it examines the design of the tax system as it applies to non-renewable resources, the reform of the distribution of revenues from the sector, and strategies for tackling illegal mining. These policy areas are important to ensure that the extraction of natural resources benefits the economies and societies of the two Andean nations.

Suggested Citation

  • Jane Korinek, 2015. "Managing the Minerals Sector: Implications for Trade from Peru and Colombia," OECD Trade Policy Papers 186, OECD Publishing.
    • Handle: RePEc:oec:traaab:186-en
    DOI: 10.1787/5jrp6wrc2r7l-en
    as

    Download full text from publisher

    File URL: https://doi.org/10.1787/5jrp6wrc2r7l-en
    Download Restriction: no
    File URL: https://libkey.io/10.1787/5jrp6wrc2r7l-en?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Jane Korinek, 2013. "Mineral Resource Trade in Chile: Contribution to Development and Policy Implications," OECD Trade Policy Papers 145, OECD Publishing.
    2. Jane Korinek, 2014. "Export Restrictions on Raw Materials: Experience with Alternative Policies in Botswana," OECD Trade Policy Papers 163, OECD Publishing.
    3. Jair N. OJeda & Julián A. Parra Polanía & Carmiña O. Vargas, 2014. "Natural-Resource Booms, Fiscal Rules and Welfare in a Small Open Economy," Borradores de Economia 807, Banco de la Republica de Colombia.
    4. Elias A. Baracat & J. Michael Finger & Raúl León Thorne & Julio J. Nogués, 2013. "Sustaining Trade Reform : Institutional Lessons from Argentina and Peru," World Bank Publications - Books, The World Bank Group, number 15794.
    5. Jorge C. Rodriguez & Carla R. Tokman & Alejandra C. Vega, 2007. "Structural Balance Policy in Chile," OECD Journal on Budgeting, OECD Publishing, vol. 7(2), pages 59-92.
    6. J. Michael Finger & Julio J. Nogués, 2006. "Safeguards and Antidumping in Latin American Trade Liberalization : Fighting Fire with Fire," World Bank Publications - Books, The World Bank Group, number 7407.
    7. Illescas, Javier & Jaramillo, C. Felipe, 2011. "Export growth and diversification : the case of Peru," Policy Research Working Paper Series 5868, The World Bank.
    Full references (including those not matched with items on IDEAS)

    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. Manfred Elsig & Bernard M. Hoekman & Joost Pauwelyn, 2016. "Thinking about the performance of the World Trade Organization: A discussion across disciplines," RSCAS Working Papers 2016/13, European University Institute.
    2. Teh, Robert & Prusa, Thomas J. & Budetta, Michele, 2007. "Trade remedy provisions in regional trade agreements," WTO Staff Working Papers ERSD-2007-03, World Trade Organization (WTO), Economic Research and Statistics Division.
    3. Alberto Botta & Antoine Godin & Marco Missaglia, 2016. "Finance, foreign (direct) investment and dutch disease: the case of Colombia," Economia Politica: Journal of Analytical and Institutional Economics, Springer;Fondazione Edison, vol. 33(2), pages 265-289, August.
    4. Arezki, Rabah & Hadri, Kaddour & Loungani, Prakash & Rao, Yao, 2014. "Testing the Prebisch–Singer hypothesis since 1650: Evidence from panel techniques that allow for multiple breaks," Journal of International Money and Finance, Elsevier, vol. 42(C), pages 208-223.
    5. Tovar, Patricia, 2019. "Preferential and multilateral liberalization: Evidence from Latin America’s use of tariffs, antidumping and safeguards," Journal of Development Economics, Elsevier, vol. 141(C).
    6. Nogues, Julio & O'Connor, Ernesto, 2020. "Rents, “infant industry” and contingent protection policies: gains and losses for Argentina’s biodiesel industry," MPRA Paper 102419, University Library of Munich, Germany.
    7. Christian Daude & Ángel Melguizo & Alejandro Neut, 2010. "Fiscal Policy in Latin America: Countercyclical and Sustainable at Last?," OECD Development Centre Working Papers 291, OECD Publishing.
    8. Nogues, Julio, 2015. "Barreras sobre las exportaciones agropecuarias: impactos económicos y sociales de su eliminación [Dismantling export barriers: economic and social impacts]," MPRA Paper 83223, University Library of Munich, Germany.
    9. Nogues, Julio J., 2017. "Mercosur- EU Trade negotiations: ending trade diversion, strengthening trade institutions," MPRA Paper 92287, University Library of Munich, Germany, revised 2017.
    10. Navarro, Lucas, 2018. "The World Class Supplier Program for mining in Chile: Assessment and perspectives," Resources Policy, Elsevier, vol. 58(C), pages 49-61.
    11. Sergey Ivashchenko, 2015. "A 5-sector DSGE Model of Russia," EUSP Department of Economics Working Paper Series 2015/01, European University at St. Petersburg, Department of Economics.
    12. Bravo-Ortega, Claudio & Muñoz, Leonardo, 2021. "Mining services suppliers in Chile: A regional approach (or lack of it) for their development," Resources Policy, Elsevier, vol. 70(C).
    13. Nicholas A. Phelps & Miguel Atienza & Martin Arias, 2015. "Encore for the Enclave: The Changing Nature of the Industry Enclave with Illustrations from the Mining Industry in Chile," Economic Geography, Taylor & Francis Journals, vol. 91(2), pages 119-146, April.
    14. Stubrin, Lilia, 2017. "Innovation, learning and competence building in the mining industry. The case of knowledge intensive mining suppliers (KIMS) in Chile," Resources Policy, Elsevier, vol. 54(C), pages 167-175.
    15. José Daniel Reyes, 2013. "Trade Liberalization and the Adoption of Antidumping Laws in Developing Countries," Revista Equidad y Desarrollo, Universidad de la Salle, December.
    16. Kai Liu, 2014. "Public Finances, Business Cycles and Structural Fiscal Balances," Cambridge Working Papers in Economics 1411, Faculty of Economics, University of Cambridge.
    17. Correa Mautz, Felipe, 2016. "Encadenamientos productivos desde la minería de Chile," Desarrollo Productivo 39975, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    18. Carlos Ballesteros, 2016. "Mining and Energy Boom, Dutch Disease and Informality in Colombia: a DSGE Approach," Documentos de Trabajo de Valor Público 15011, Universidad EAFIT.
    19. Alberto Botta, 2014. "The Macroeconomics of a Financial Dutch Disease," DEM Working Papers Series 089, University of Pavia, Department of Economics and Management.
    20. Jeffrey Frankel, 2013. "A Solution to Fiscal Procyclicality: The Structural Budget Institutions Pioneered by Chile," Central Banking, Analysis, and Economic Policies Book Series, in: Luis Felipe Céspedes & Jordi Galí (ed.),Fiscal Policy and Macroeconomic Performance, edition 1, volume 17, chapter 9, pages 323-391, Central Bank of Chile.

    More about this item

    Keywords

    corruption; export restrictions; extractive industries; mining; trade policy;
    All these keywords.

    JEL classification:

    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • O24 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Trade Policy; Factor Movement; Foreign Exchange Policy
    • O54 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Latin America; Caribbean
    • Q32 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Exhaustible Resources and Economic Development
    • Q34 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Natural Resources and Domestic and International Conflicts
    • Q37 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Issues in International Trade

    NEP fields

    This paper has been announced in the following NEP Reports:

    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:oec:traaab:186-en. 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: the person in charge (email available below). General contact details of provider: https://edirc.repec.org/data/tdoecfr.html .

    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.