Analisi socio-economica del territorio lucano in vent'anni di estrazione petrolifera: vantaggi e svantaggi
Maria Isabella Passarelli
No 2017066, Working Papers from University of Ferrara, Department of Economics
The study aims to examine the advantages and disadvantages of the petroleum extraction in Basilicata, as well as to analyze its impact on economy, environment and public health. The introductory part provides a brief overview of the theories of global and local sustainable development, with special attention given to the area of Val dâ€™Agri in Basilicata. The study then proceeds to examine various memoranda of understanding signed between the Region of Basilicata and the petroleum companies in question, in order to highlight which of the points included in these agreements have effectively been respected after twenty years of petroleum extraction. The research further focuses on the socio-economic impact of the extractive industry on the local resources from the 1990â€™s until today. It evaluates the damages caused by petroleum extraction to the environment, economy and public health, which have recently brought about a temporary closure of the extraction facilities. The research leads to the conclusion that the extractive industry has in fact weakened the local production systems and, as a consequence, led to a decrease in new investments in the area of Val dâ€™Agri and in the entire region, despite a threefold increase of the share of royalty payments in the local budget. It can be stated with certainty that the exploitation of the petroleum resources in Val dâ€™Agri, which had initially been perceived as a springboard for economic development of the entire region, has eventually proved to be the cause of an impoverishment of the area, having a negative impact on the food supply chain and impeding the development of tourism.
Keywords: Regional Economic Activity: Growth; Development; Environmental Issues; and Changes; Environment and Development; Valuation of Environmental Effects; Employment Effects (search for similar items in EconPapers)
JEL-codes: Q51 Q52 Q56 R11 (search for similar items in EconPapers)
Pages: 31 pages
New Economics Papers: this item is included in nep-cta
References: Add references at CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:udf:wpaper:2017066
Access Statistics for this paper
More papers in Working Papers from University of Ferrara, Department of Economics Via Voltapaletto, 11 - I-44121 Ferrara (Italy). Contact information at EDIRC.
Bibliographic data for series maintained by Alberto Benati ().