Mining Exports and their Impact on Peru's Economic Growth: Period 2010-2020
DOI:
https://doi.org/10.15381/iigeo.v25i49.23012Keywords:
mining exports, peruvian economic growth, econometrics, metal prices, metal demandAbstract
PIB indicates the economic growth of a country, i.e., the increase in its production capacity from one year to the next. Peru's PIB and exports experienced a growth of 43% and 39% respectively during the period 2010 - 2019. However, due to the 2020 pandemic that led to the suspension of activities between April and May, exports and PIB declined by 13% and 11% respectively. Through econometric analysis and statistical tests, it was possible to show that mining exports have a significant impact on Peru's economic growth. The main destination of exports is: China 40%, Switzerland 8%, Canada 7%, and others such as: India, South Korea, etc. which represent 47% of the total. Therefore, if there is a trade war between China and the U.S., exports will suffer a drop internationally. During the period from 2010 to 2020 mining prices have varied relatively, the price of copper and lead had a drop of 18% and 15% respectively; however, the price of zinc, silver and gold increased by 6%, 2% and 45% respectively.
Downloads
Published
Issue
Section
License
Copyright (c) 2022 Steve Oliver Beraun Chaca, Arístides Sotomayor Cabrera, Joyce Evelyn Beraun Chaca
This work is licensed under a Creative Commons Attribution 4.0 International License.
AUTHORS RETAIN THEIR RIGHTS:
a. Authors retain their trade mark rights and patent, and also on any process or procedure described in the article.
b. Authors retain their right to share, copy, distribute, perform and publicly communicate their article (eg, to place their article in an institutional repository or publish it in a book), with an acknowledgment of its initial publication in the Rev. Inst. investig. Fac. minas metal cienc. geogr.
c. Authors retain theirs right to make a subsequent publication of their work, to use the article or any part thereof (eg a compilation of his papers, lecture notes, thesis, or a book), always indicating the source of publication (the originator of the work, journal, volume, number and date).
