Country competitiveness and investment allocation in the mining industry: A survey of the literature and new empirical evidence

Arturo Vásquez Cordano and Rodrigo Prialé Zevallos

Resources Policy, 2021, vol. 73, issue C

Abstract: Mining exploration investment is the primary driver of future mining production. Without exploration investment, it is not possible to sustain metal production. Countries with higher mining competitiveness will tend to attract larger amounts of exploration investments. According to the so-called “traditional” view, a country's geological potential is a crucial determinant of its mining competitiveness. This proposition implies that the geological potential would be the primary driver for allocating exploration investments worldwide. Recently, an “alternative” view of mining competitiveness emerged. According to this hypothesis, a country's investment climate is the primary determinant of its mining competitiveness. However, the empirical evidence supporting the “alternative” view is still scarce.

Keywords: Mining competitiveness; Mining exploration investment allocation; Social conflicts; Poisson pseudo-maximum likelihood method; Investment climate; Geological potential; Regional elasticities (search for similar items in EconPapers)
JEL-codes: C21 C52 F14 F21 L72 Q38 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0301420721001501
Full text for ScienceDirect subscribers only

Related works:
Working Paper: Country Competitiveness and Investment Allocation in the Mining Industry: A survey of the literature and new empirical evidence (2020)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:jrpoli:v:73:y:2021:i:c:s0301420721001501

DOI: 10.1016/j.resourpol.2021.102136

Access Statistics for this article

Resources Policy is currently edited by R. G. Eggert

More articles in Resources Policy from Elsevier
Bibliographic data for series maintained by Catherine Liu ().