Method for Comparing Economic Impacts Caused by Government Actions on Natural Resource Extraction in Logging, Oil and Gas, and Mining

Peter Bell

MPRA Paper from University Library of Munich, Germany

Abstract: This paper describes a methodology to compare historical episodes where governments announce policy changes that impact natural resources and extractive industries. For example, the Province of British Columbia implemented a new tax policy for mining in 1974 that created “super royalty payments” and drastically reduced local mining activity; this paper introduces statistical measurements to capture media attention, stock market effects, and GDP impacts of policy changes like the creation of super royalties in BC. These statistical measures can be compared between different historical episodes to understand the range of outcomes for government policy changes. The method also applies to logging, oil and gas, and agriculture, which are highly impacted by government policy. The paper identifies several historical episodes that can serve as case studies to use the methodology, although full implementation of the method is beyond the scope of this paper.

Keywords: Government; Action; Natural Experiment; Methodology; Historical; Data Science; Mining; Oil; Forestry; Agriculture; Chile; Norway; Saudi Arabia; Canada (search for similar items in EconPapers)
JEL-codes: B5 C8 C80 C81 D6 E6 G0 G1 G17 H2 H23 H25 H5 K2 K23 L5 L7 L72 N5 O2 P11 P16 Q3 Q32 Q33 Q4 Q5 Y1 (search for similar items in EconPapers)
Date: 2025-12-10
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