Income from the oil canon and over canon and its socioeconomic effects. Case studies in Peru

• Autores: Chong Ríos, Alexci Igor, Wong Valdiviezo, Luis Ángel, Chong Ríos, German Vladimir
• Formato: artículo
• Fecha de Publicación: 2021
• Institución: Universidad Nacional Mayor de San Marcos
• Repositorio: Revistas - Universidad Nacional Mayor de San Marcos
• Lenguaje: español
• OAI Identifier: oai:ojs.csi.unmsm:article/21601
• Enlace del recurso: https://revistasinvestigacion.unmsm.edu.pe/index.php/econo/article/view/21601
• Nivel de acceso: acceso abierto
• Materia: Oil canon and over-canon (OCOC); socioeconomic aspect; productivity; vector autoregressive (VAR); panel data; Canon y sobrecanon petrolero (CSP); aspecto socioeconómico; productividad; vector autorregresivo (VAR); datos de panel

The study identifies the effects of oil canon and over-canon income (OCOC) on two socioeconomic aspects: First, its contribution to GDP and productivity in the Loreto region. Second, to find the same contribution of the OCOC in the regions of Loreto, Piura, Tumbes, Huánuco and Ucayali in two dimensions: 1) the reduction of inequality, measured as the per capita expenditure among the poorest 40% of the population and, 2) decent work, measured as the percentage of young people between 15 and 24 years of age who do not study, do not work and do not receive training. The results showed that CSP had a positive but not significant impact on GDP and productivity in the Loreto region. The momentum is minimal. It represents a maximum of 9.5% of the fluctuations in the regional GDP and 0.13% in productivity. Regarding the second aspect, the effect is positive, significant and meager on the per capita expenditure of the poorest 40%. The effect on decent work among young people aged 15 and 24, according to the pooled data model, showed a statistical, positive and significant effect, and to that extent the income from the canon and over-canon did not promote improvement in this variable