Optimal royalty rate for coal mining in Colombia: and empirical analysis

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dc.contributor.advisorCanavire Bacarreza, Gustavo
dc.contributor.authorMonterroza Humanez, Nelson
dc.coverage.spatialMedellín de: Lat: 06 15 00 N degrees minutes Lat: 6.2500 decimal degrees Long: 075 36 00 W degrees minutes Long: -75.6000 decimal degreeseng
dc.creator.degreeMagíster en Economíaspa
dc.creator.emailmonthn@hotmail.comspa
dc.date.accessioned2015-06-03T17:15:18Z
dc.date.available2015-06-03T17:15:18Z
dc.date.issued2014
dc.description.abstractRevenue mobilization is one of the most important restrictions for economic growth in middle and low-income countries, given the high dependence on natural resources -- Colombia is not an exception, and in fact, the current coal industry’s position contributes close to 1.6% of the GDP -- As a consequence, the royalties systems and tax collection structure from 20 years ago are still valid -- Yet, in the last few years, due to high coal prices, some arguments consider that the income produced by current mining and royalty rates is insufficient and should be increased -- This paper evaluates the current Royalty Policy of Coal Mining in Colombia using a Mixed Integer Linear Programming Model -- This strategy allows for the estimation of the optimal royalty rate under an approach that maximizes the present value of the revenue from private sector payments to the Colombian Government -- The results show that under the current royalty scheme and assumptions applied, the royalty rate is quite close to optimal -- However, the royalty system represents a huge risk to the development of exploration activities and mining projects given the lag of neutrality for investments, and approaches based on company profit offer interesting alternativesspa
dc.identifier.urihttp://hdl.handle.net/10784/5413
dc.language.isospaspa
dc.publisherUniversidad EAFITspa
dc.publisher.departmentEscuela de Economía y Finanzasspa
dc.publisher.programMaestría en Economíaspa
dc.rights.accessrightsinfo:eu-repo/semantics/openAccesseng
dc.rights.localAcceso abiertospa
dc.subjectRegalías - Colombiaspa
dc.subjectRegalía óptimaspa
dc.subjectImpuestos óptimosspa
dc.subject.keywordCoal industryspa
dc.subject.keywordRegaliaspa
dc.subject.keywordTax collectionspa
dc.subject.keywordInvestment projectsspa
dc.subject.keywordNatural resourcesspa
dc.subject.keywordGross domestic productspa
dc.subject.keywordMacroeconomicsspa
dc.subject.keywordLinear programmingspa
dc.subject.lembINDUSTRIA DEL CARBÓNspa
dc.subject.lembREGALÍASspa
dc.subject.lembRECAUDACIÓN DE IMPUESTOSspa
dc.subject.lembPROYECTOS DE INVERSIÓNspa
dc.subject.lembRECURSOS NATURALESspa
dc.subject.lembPRODUCTO INTERNO BRUTOspa
dc.subject.lembMACROECONOMÍAspa
dc.subject.lembPROGRAMACIÓN LINEALspa
dc.titleOptimal royalty rate for coal mining in Colombia: and empirical analysisspa
dc.typemasterThesiseng
dc.type.hasVersionacceptedVersioneng
dc.type.localTesis de Maestríaspa

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