Metal supply by state mines in LDCs and transition economies

Abstract

The analysis of the supply behaviour of mining companies has relevant theoretical and policy implications. Supply determinants can be identified in, among other elements, the ownership and control pattern and geological characteristics of mineral deposits. These factors can influence the production objectives of the mines, and their ability to achieve these objectives. Following a review of current literature hypotheses and a formulation of an interpretative framework, an econometric analysis is applied to mainly state mine-related data over the period 1984-94, relative to four geologically associated metals produced in developing and transition economies.