Is there a mineral-induced ‘Economic Euphoria’? Evidence from Latin America

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Abstract

A development imperative emphasising the economic benefits of mineral extraction has led researchers to speculate about whether minerals inflate citizens’ economic expectations and, due to an upward shift in aspirations, cause a degree of dissatisfaction. Using survey data from 18 Latin American countries, this study finds evidence of the ‘euphoric effect’ of minerals materialising among household expectations concerning future changes in the economic situation of their country. Similarly, it also finds a positive and significant relationship with expectations concerning future changes in respondents’ personal economic situation. However, it does not detect a significant relationship between minerals and citizens’ life satisfaction.
Original languageEnglish
Pages (from-to)1403–1430
Number of pages28
JournalJournal of Happiness Studies
Volume23
Issue number4
Early online date20 Sep 2021
DOIs
Publication statusPublished - Apr 2022

Keywords

  • Expectations
  • Extractive industries
  • Resource curse
  • Satisfaction

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