The Effect of the Mining Sector on Developing Economies

There has been much debate about the contribution of the mining sector to economic development in developing countries, though multi-country empirical studies have been very limited. Vector-autoregression models are used to determine the contribution of the mining sector to economic development in nineteen developing countries. Impulse response functions estimate the multiplier of mining output on non-mining GDP, net foreign factor payments, imports, manufactured capital, and human capital. The results indicate that in the majority of countries, the mining sector contributes little or nothing to GNP and factor accumulation. In a few countries, however, mining does contribute to economic development.


Issue Date:
Jan 01 1994
Publication Type:
Working or Discussion Paper
Record Identifier:
http://ageconsearch.umn.edu/record/263919
Language:
English
Total Pages:
51
JEL Codes:
013 Economic Development: Agriculture; Natural Resources; Other Primary Products
Series Statement:
9402




 Record created 2017-10-05, last modified 2018-03-04

Fulltext:
Download fulltext
PDF

Rate this document:

Rate this document:
1
2
3
 
(Not yet reviewed)