Mining’s contribution to national economies between 1996 and 2016
- Magnus Ericsson1, Olof Löf2
1Luleå University of Technology, Sweden
2RMG Consulting, Stockholm, Sweden - Russian Mining Industry №6 / 2019 pp.84-93
Abstract
In several low- and middle-income countries rich in non-fuel mineral resources, mining makes significant contributions to national economic development as measured by the revised Mining Contribution Index (MCI-Wr). 10 countries among the 20 countries where mining contribute most (highest MCI-Wr score) have moved up one or two steps in the World Bank’s country classification between 1996 and 2016. In particular African countries have benefitted. This paper provides an up-date and expansion of an earlier study within the framework of the United Nations University (UNU) World Institute for Development Economics Research (WIDER) initiative Extractives for Development. Based on the detailed data available for the sector, such as production, export, prices, mineral rents, exploration expenditure and government revenues an analysis is carried out of the current situation for 2016, and trends in mining’s contribution to economic development for the years 1996-2016. The contribution of minerals and mining to GDP and exports reached a maximum at the peak of the mining boom in 2011. Naturally the figures for mining’s contribution had declined for most countries by 2016, but importantly the levels were still considerably higher than in 1996. The results of this survey contradict the widespread view that mineral resources create a dependency that might not be conducive to economic and social development.
Keywords
горнодобывающая промышленность, экономика, добыча, экспорт, рента за минеральные ресурсы, расходы на поиск полезных ископаемых
For citation
Ericsson M., Löf O. Mining’s contribution to national economies between 1996 and 2016. Gornaya promyshlennost = Russian Mining Industry. 2019;(6):00–00. (In Russ.) DOI: 10.30686/1609-9192-2019-6-84-93.
Article info
Received: 25.10.2019
Revised: 22.11.2019
Accepted: 05.12.2019
Information about the authors
Magnus Ericsson – Luleå University of Technology, Sweden; e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
Olof Löf – RMG Consulting, Stockholm, Sweden.
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