Is there a Mineral-Induced ‘Economic Euphoria’?: Evidence from Latin America

Paul Fenton Villar ()
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Paul Fenton Villar: University of East Anglia

Journal of Happiness Studies, 2022, vol. 23, issue 4, No 5, 1403-1430

Abstract: Abstract A development imperative emphasising the economic benefits of mineral extraction has led researchers to speculate about whether minerals inflate citizens’ economic expectations and, due to an upward shift in aspirations, cause a degree of dissatisfaction. Using survey data from 18 Latin American countries, this study finds evidence of the ‘euphoric effect’ of minerals materialising among household expectations concerning future changes in the economic situation of their country. Similarly, it also finds a positive and significant relationship with expectations concerning future changes in respondents’ personal economic situation. However, it does not detect a significant relationship between minerals and citizens’ life satisfaction.

Keywords: Extractive industries; Expectations; Satisfaction; Resource curse (search for similar items in EconPapers)
JEL-codes: D84 I31 Q32 Q33 (search for similar items in EconPapers)
Date: 2022
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DOI: 10.1007/s10902-021-00455-5

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