Direct economic return to government of public geoscience information investments in Chile
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Gildemeister, Martin
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Direct economic return to government of public geoscience information investments in Chile
Abstract
This article presents the first attempt to evaluate the direct economic return of the provision of public geoscience
information in Chile. To achieve this goal the study uses multiplier effect ratios through the value chain of PGI
and a probabilistic discounted cash flow model to evaluate the economic returns of different scenarios for the
ongoing governmental program mandated to generate country-scale geological information, named the National
Geological Program.
The study shows that, in average, every dollar invested in PGI in Chile during the past three decades could
have generated 11.5 dollars of government tax revenues from the mining industry (in terms of its NPV), with an
IRR of around 21%. These results are in accordance with comparable studies abroad, but they should be taken
carefully due to methodological restrictions of the study. These indicators are positive in almost all the scenarios
considered in the study, despite that they show a wide range of results. Similar outcomes are obtained for the
National Geological Program when different scenarios are evaluated.
Patrocinador
“Mining Leaders Program” financed
by Compañía Minera Doña Inés de Collahuasi and Minera Escondida;
Conicyt and to
the grant #130065 “Millenium Nucleus for Metal Tracing along
Subduction” from ICM; and FE the support of Sernageomin.
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Artículo de publicación ISI
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URI: https://repositorio.uchile.cl/handle/2250/150072
DOI: https://doi.org/10.1016/j.resourpol.2017.11.013
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Resources Policy, 55 (2018): 152–162
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