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

• 成果类型: Article
• 署名作者: Aragon, Fernando M.; Rud, Juan Pablo
• 署名单位: Simon Fraser University; University of London; Royal Holloway University London
• 刊物名称: AMERICAN ECONOMIC JOURNAL-ECONOMIC POLICY
• ISSN/ISSBN: 1945-7731
• DOI: 10.1257/pol.5.2.1
• 发表日期: 2013
• 页码: 1-25
• 关键词: oil

摘要

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.