The socioeconomic impact of the gold boom in Colombian mining region 1993-2005

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Jorge Barrientos Marín
Sebastián Ramírez Ramírez
Elkin Tabares Orozco

Abstract

In this paper we are interested in investigating the local impact of gold mining activity on several socioeconomic indicators of the population in Colombia, such as the multidimensional index of poverty and the unsatisfied basic needs in the period 1993-2005. To meet this objective, we use econometric techniques; specifically, we use ordinary least squares regression and propensity score matching methods. There is evidence that before and after the gold boom, the living standard indicators of the producing municipalities are on average similar to the indicators of other municipalities that did not experience the mining boom. In conclusion, these estimates suggest that the gold boom has had a minimum impact on the quality of life of municipalities.

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Author Biographies

Jorge Barrientos Marín, University of Alicante, University of Antioquia

B.sc. in Economics, Universidad de Antioquia, Medellín, Colombia. M.Sc. in Economics, Universidad de Alicante, Alicante, Spain. Ph.D. in Economics, Universidad de Alicante, Alicante, Spain. Head of the Economics Department, Economic Sciences Faculty, Universidad de Antioquia, Medellín, Colombia. Address: Calle 67# 53-108, Office 13-106. Email: jorge.barrientos@udea.edu.co

Sebastián Ramírez Ramírez, Universidad Autónoma Latinoamericana

B.sc in Economics, Universidad de Antioquia, Medellín, Colombia. Researcher GINVECO, Economics Faculty, Universidad Autónoma Latinoamericana, Medellín, Colombia. Address: Carrera 55 A N° 49-51. Email: sebastian.ramirezra@unaula.edu.co

Elkin Tabares Orozco, Universidad Autónoma Latinoamericana

B.sc in Economics, Universidad de Antioquia, Medellín, Colombia. M.Sc. in Economics, Universidad de Antioquia, Medellín, Colombia. Researcher GINVECO, Economics Faculty, Universidad Autónoma Latinoamericana, Medellín, Colombia. Address: Carrera 55 A N° 49-51. Email: elkin.tabares@unaula.edu.co

How to Cite

Barrientos Marín, J., Ramírez Ramírez, S., & Tabares Orozco, E. (2015). The socioeconomic impact of the gold boom in Colombian mining region 1993-2005. Semestre Económico, 20(43), 15-36. https://doi.org/10.22395/seec.v20n43a1

References