Income from the oil canon and over canon and its socioeconomic effects. Case studies in Peru

Authors

  • Alexci Igor Chong Ríos Universidad Nacional Mayor de San Marcos, Lima, Perú https://orcid.org/0000-0002-3202-8337
  • Luis Ángel Wong Valdiviezo Pontificia Universidad Católica del Perú, Lima, Perú https://orcid.org/0000-0002-4302-8391
  • German Vladimir Chong Ríos Universidad Nacional de la Amazonía Peruana, Iquitos, Perú

DOI:

https://doi.org/10.15381/pc.v26i2.21601

Keywords:

Oil canon and over-canon (OCOC), socioeconomic aspect, productivity, vector autoregressive (VAR), panel data

Abstract

The study identifies the effects of oil canon and over-canon income (OCOC) on two socioeconomic aspects: First, its contribution to GDP and productivity in the Loreto region. Second, to find the same contribution of the OCOC in the regions of Loreto, Piura, Tumbes, Huánuco and Ucayali in two dimensions: 1) the reduction of inequality, measured as the per capita expenditure among the poorest 40% of the population and, 2) decent work, measured as the percentage of young people between 15 and 24 years of age who do not study, do not work and do not receive training. The results showed that CSP had a positive but not significant impact on GDP and productivity in the Loreto region. The momentum is minimal. It represents a maximum of 9.5% of the fluctuations in the regional GDP and 0.13% in productivity. Regarding the second aspect, the effect is positive, significant and meager on the per capita expenditure of the poorest 40%. The effect on decent work among young people aged 15 and 24, according to the pooled data model, showed a statistical, positive and significant effect, and to that extent the income from the canon and over-canon did not promote improvement in this variable

Author Biographies

  • Alexci Igor Chong Ríos, Universidad Nacional Mayor de San Marcos, Lima, Perú

    Economista y Magister en Finanzas por la Universidad Nacional de la Amazonía Peruana. Doctor en Gestión Económica Global por la Universidad Nacional Mayor de San Marcos. Docente universitario.

  • Luis Ángel Wong Valdiviezo, Pontificia Universidad Católica del Perú, Lima, Perú

    Economista (UNP), estudios Maestría Economía (PUCP), Maestría y Doctorado en Política y Gestión del Desarrollo (Antwerpen University, Bélgica). Prof. FGAD-PUCP, Posgrado - Universidad Nacional Mayor de San Marcos.

  • German Vladimir Chong Ríos, Universidad Nacional de la Amazonía Peruana, Iquitos, Perú

    Economista. Jefe de Departamento de la Escuela de Economía de la Universidad Nacional de la Amazonía Peruana. Decano del Colegio de Economistas de Loreto.

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Published

2021-12-06

Issue

Vol. 26 No. 2 (2021)

Section

Artículos

License

Copyright (c) 2021 Alexci Igor Chong Ríos, Luis Ángel Wong Valdiviezo, German Vladimir Chong Ríos

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How to Cite

Income from the oil canon and over canon and its socioeconomic effects. Case studies in Peru. (2021). Pensamiento Crítico, 26(2), 79-118. https://doi.org/10.15381/pc.v26i2.21601