Natural Resources and Local Communities: Evidence from a Peruvian Gold Mine

Fernando M. Aragón · Juan Pablo Rud

389 citations0/0 files storedAmerican Economic Journal Economic Policy

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Natural Resources and Economic Development Regional Economics and Spatial Analysis Mining and Resource Management

Abstract

This paper examines the local economic impact of Yanacocha, a large gold mine in Northern Peru. Using annual household data from 1997 to 2006, we find evidence of a positive effect of the mine's demand for local inputs on real income. The effects are only present in the supply market and surrounding areas, and reach unskilled workers in non-mining sectors. Consistent with a general equilibrium framework, we also find an increase in the local price of nontradable goods. Taken together, our results underline the potential of backward linkages from extractive industries to create positive spillovers in less developed economies. (JEL L72, O13, O18, Q32, Q33, R11)

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References

1959The Strategy of Economic Development 1997The analysis of household surveys 2001The curse of natural resources 1982Booming Sector and De-Industrialisation in a Small Open Economy 1982Wages, Rents, and the Quality of Life 2006Institutions and the Resource Curse 1994Valuing the Environment Through Contingent Valuation 1999The big push, natural resource booms and growth

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