Mining matters: Natural resource extraction and firm-level constraints

• 成果类型: Article
• 署名作者: De Haas, Ralph; Poelhekke, Steven
• 署名单位: European Bank of Reconstructon & Development; Vrije Universiteit Amsterdam; Vrije Universiteit Amsterdam; Center for Economic & Policy Research (CEPR); Tilburg University; University of Auckland; Leibniz Association; Ifo Institut
• 刊物名称: JOURNAL OF INTERNATIONAL ECONOMICS
• ISSN/ISSBN: 0022-1996
• DOI: 10.1016/j.jinteco.2019.01.006
• 发表日期: 2019
• 页码: 109-124
• 关键词: Mining; natural resources; Business environment; Firm-level constraints

摘要

We estimate the impact of local mining activity on the business constraints experienced by 25,777 firms across nine large and resource-rich countries. We find that the presence of active mines in firms' immediate vicinity (<20 km) deteriorates the business environment in tradeable sectors. Access to inputs and infrastructure becomes more constrained for these firms and this adversely affects their growth. In contrast, nearby active mines have a positive effect on firms in non-tradeable sectors. Moreover, we show that the presence of mines at a greater distance (21-150 km) relaxes business constraints of all firms, in line with positive regional spending effects. (C) 2019 Elsevier B.V. All rights reserved.