The wealth gifted to the large-scale copper mining industry in Chile: new estimates, 2005-2014

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cepal.articleNo5
cepal.bibLevelSección o Parte de un Documento
cepal.callNumberLC/PUB.2018/5-P
cepal.docTypeRevistas
cepal.jelCodeQ30
cepal.jelCodeQ32
cepal.jelCodeQ33
cepal.jobNumberRVI124_Sturla
cepal.physicalDescriptiongráficos., tablas.
cepal.regionalOfficeSantiago
cepal.sdg10
cepal.sdg12
cepal.topicEngMINING RESOURCES
cepal.topicEngPRICES
cepal.topicEngPUBLIC INCOME AND EXPENDITURE
cepal.topicEngSTATE ROLE
cepal.topicSpaINGRESOS Y GASTOS PÚBLICOS
cepal.topicSpaPRECIOS
cepal.topicSpaRECURSOS MINEROS
cepal.topicSpaROL DEL ESTADO
cepal.workareaEngECONOMIC DEVELOPMENT
cepal.workareaSpaDESARROLLO ECONÓMICO
dc.coverage.spatialEngCHILE
dc.coverage.spatialSpaCHILE
dc.coverage.temporalEnd2014
dc.coverage.temporalStart2005
dc.date.accessioned2018-08-15T17:44:08Z
dc.date.available2018-08-15T17:44:08Z
dc.date.issued2018-04
dc.description.abstractThis article estimates the economic rents received by the 10 mines that comprise Chile’s large-scale private-sector copper-mining industry. The methodology used produces a conservative calculation and includes two corrections that have hitherto been ignored in the literature: the reimbursement of exploration expenses and the compensation needed for volatility in the copper price. Estimates show that the wealth transferred to these firms between 2005 and 2014 was at least US$ 114 billion. These rents are neutral in terms of investment and production decisions; in other words, if the private mining companies had paid the Chilean Treasury the calculated amount, their total investment and output would have been unchanged, but the country at large could have benefited from the huge voluminous resources in question. Moreover, in the absence of any other distortion, the firms would still have earned returns equivalent to what they would have obtained under perfect competition.
dc.formatTexto
dc.format.extentpáginas. 99-11
dc.format.mimetypeapplication/pdf
dc.identifier.unSymbolLC/PUB.2018/5-P
dc.identifier.urihttps://hdl.handle.net/11362/43953
dc.language.isoeng
dc.physicalDescriptionp. 99-119; grafs., tabls.
dc.relation.isPartOfCEPAL Review
dc.relation.isPartOfNo124
dc.relation.isPartOfSeriesCEPAL Review
dc.relation.translationLanguagespa
dc.relation.translationRecordLa riqueza regalada a la gran minería del cobre en Chile: nuevas estimaciones, 2005-2014
dc.relation.translationUrihttps://hdl.handle.net/11362/43463
dc.rights.coarDisponible
dc.subject.unbisEngCOPPER
dc.subject.unbisEngMINING
dc.subject.unbisEngPRIVATE SECTOR
dc.subject.unbisEngINCOME
dc.subject.unbisEngMEASUREMENT
dc.subject.unbisEngNATURAL RESOURCES
dc.subject.unbisEngPRICES
dc.subject.unbisEngTAX REVENUES
dc.subject.unbisSpaCOBRE
dc.subject.unbisSpaMINERIA
dc.subject.unbisSpaSECTOR PRIVADO
dc.subject.unbisSpaINGRESOS
dc.subject.unbisSpaMEDICION
dc.subject.unbisSpaRECURSOS NATURALES
dc.subject.unbisSpaPRECIOS
dc.subject.unbisSpaINGRESOS FISCALES
dc.titleThe wealth gifted to the large-scale copper mining industry in Chile: new estimates, 2005-2014
dc.type.coarrevista
dspace.entity.typePublication
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