Mining Spillovers in Chile PDF Download
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Author: Mrs.Esther Perez Ruiz
Publisher: International Monetary Fund
ISBN: 1484314522
Category : Business & Economics
Languages : en
Pages : 18
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Book Description
Chile’s small open economy with significant mismatch between the production and consumption baskets may be represented by three stylized sectors, a commodity sector, a non-commodity tradable sector, and a non-tradable sector. This paper estimates the effect of copper price shocks on mining, manufacturing, and construction—each embodying a sector type. The empirical findings are for positive spillovers from mining to the other two sectors. However, the estimated size of the spillovers seems modest, which raises the question of the potential for mining to be better integrated with the rest of the economy.
Author: Mrs.Esther Perez Ruiz
Publisher: International Monetary Fund
ISBN: 1484314522
Category : Business & Economics
Languages : en
Pages : 18
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Book Description
Chile’s small open economy with significant mismatch between the production and consumption baskets may be represented by three stylized sectors, a commodity sector, a non-commodity tradable sector, and a non-tradable sector. This paper estimates the effect of copper price shocks on mining, manufacturing, and construction—each embodying a sector type. The empirical findings are for positive spillovers from mining to the other two sectors. However, the estimated size of the spillovers seems modest, which raises the question of the potential for mining to be better integrated with the rest of the economy.
Author: Mr.Antonio Spilimbergo
Publisher: International Monetary Fund
ISBN: 1451847750
Category : Business & Economics
Languages : en
Pages : 34
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Book Description
The paper concludes that world copper prices play an important role in short-term fluctuations and probably influence long-term growth of the Chilean economy. While many mechanisms may be at work, investment seems to play a major role. In a copper price boom, the higher copper price and associated capital inflows create upward pressure on the real exchange rate. The appreciation of the Chilean peso during the first part of the copper cycle contributes to lower inflation, which could partly explain why real wages grow more rapidly in this part of the cycle.
Author: Alica Daly
Publisher: Cambridge University Press
ISBN: 110884278X
Category : Business & Economics
Languages : en
Pages : 381
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Book Description
Offering the first in-depth global analysis of the innovation ecosystem in the mining industry, this book is aimed at policy-makers and academia alike. A wide range of international contributors assess this from different perspectives, using both a novel mining patent and innovation database and a wide set of analytical approaches.
Author: Claudio Bravo-Ortega
Publisher: WIPO
ISBN:
Category : Law
Languages : en
Pages : 31
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Book Description
This analysis of intellectual property (IP) protection practices among mining equipment, technology and services suppliers (METS) in Chile’s copper mining sector adds to a body of literature that has hitherto focused on high-income countries. It is based on data collated from an online survey of resident METS and on semi-structured interviews of executives from mining companies and suppliers, including two universities. The main conclusion is that, although METS appear to be innovative in relation to the mining sector and the economy as a whole, only a few use intellectual property rights (IPRs) to protect their innovations. The main reasons for this finding appear to be the cost and expected complexity of the registration process. Another noteworthy finding is the view that Chile has the requisite legal IPR expertise, but commercial capabilities (expertise in IPR-based innovation management and business plans) are much less developed. In the last section, four case studies of product and process innovation by four mining suppliers add some interesting insights to the analysis.
Author: Mr. Gonzalo Salinas
Publisher: International Monetary Fund
ISBN: 1513573373
Category : Business & Economics
Languages : en
Pages : 30
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Book Description
Largely because of its vast copper reserves, Chile’s exports are highly concentrated on this low complexity product and this is often cited as a major drawback of its economic policy framework. However, its exogenous copper abundance conceals the country’s success in developing non-mineral and complex exports. This achievement is remarkable considering its remoteness from the large international economic centers, which limits its integration to global value chains. As suggested in this paper, this accomplishment reflects Chile’s strength in policy areas that foster non-mineral exports (including complex exports), making the country a role model in export diversification and complexity policies among emerging market countries.
Author: Thomas Franklin Stinson
Publisher:
ISBN:
Category : Mineral industries
Languages : en
Pages : 60
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Book Description
Author: International Monetary Fund. Western Hemisphere Dept.
Publisher: International Monetary Fund
ISBN: 151355106X
Category : Business & Economics
Languages : en
Pages : 55
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Book Description
This 2015 Article IV Consultation highlights that the GDP growth of Chile has remained lackluster over the past year. The main force behind the economic slowdown in 2014 has been the sharp fall in private investment, mainly the consequence of the end of the mining boom, but also reflecting the uncertainty and adjustment costs associated with the structural reform agenda. The IMF staff expects growth to increase modestly to 2.5 percent in 2015, mainly thanks to strong fiscal support. Private domestic demand should strengthen somewhat in 2016, primarily as very simulative monetary conditions and a gradual recovery of business confidence sustain private investment.
Author: Mahmoud Nasr
Publisher: Springer Nature
ISBN: 3031129024
Category : Science
Languages : en
Pages : 526
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Book Description
This is the second of two volumes that together provide a comprehensive overview of the current sustainable and low-cost wastewater treatment technologies applied in communities that lack the financial and technical resources needed for an environmental, disease prevention and health nexus. This book reviews engineered wastewater treatment technologies and discusses their application in regard to greenhouse gas emissions, natural resource utilization, land-use, and energy and water savings. The chapters from expert contributors cover topics such as aerobic and anaerobic biological treatments, chemical treatments and precipitation, and disinfection. Readers will also learn about simplified and low-energy wastewater treatment plants, strategies for wastewater reuse, and nanotechnologies for wastewater environmental management. The feasibility regarding time and cost of implementing such technologies is also discussed in this book, and particular attention is given to the removal of conventional and emerging pollutants, toxicants, and heavy metals. Given the breadth and depth of its coverage, the book offers an invaluable source of information for researchers, students and environmental managers alike.
Author: International Monetary Fund. Fiscal Affairs Dept.
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 57
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Book Description
Chile’s strong fiscal framework has served the country well. The fiscal rule has helped insulate the budgets from volatility in resource prices and economic activity. The sovereign wealth fund (SWF)—the Economic and Social Stabilization Fund (ESSF) and the Pension Reserve Fund (PRF)—was established to encourage savings over time and has provided buffers for stabilizing the economy. During the pandemic, Chile has appropriately used the ESSF to provide swift and impactful support to protect people. Recent efforts to upgrade the fiscal framework— adopt a medium-term fiscal path, formalize a prudent debt ceiling, and introduce an escape clause—can further safeguard fiscal sustainability.
Author: Giulia Valacchi
Publisher: WIPO
ISBN:
Category : Law
Languages : en
Pages : 35
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Book Description
This paper analyses the evolution of innovation in the mining sector and how this innovation responds to the economic environment, in particular to changes in commodity prices. For this purpose, we combine commodity price data with innovation data as proxied by patent filings extracted from a novel unit record database containing comprehensive patent and firm level data for the mining sector from 1970 to 2015. We include patents registered both by mining companies and mining equipment, technology and service (METS) firms. With a multi-country panel analysis, we find that innovation in the mining sector is cyclical. Innovation increases in periods of high commodity prices while decreasing during commodity price recessions. Our results suggest that innovation increases mostly with long price cycle variations, while mostly unaffected by medium and short cycles. METS related innovation seem the driving force of this mechanism. In contrast, countries specializing in mining industries are found to be slower in reacting to price changes.
