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Scoping review of the inclusion of economic analysis in impact studies of natural resource extraction projects

Zabré, Hyacinthe R. ; Dietler, Dominik LU orcid ; Diagbouga, Serge P. and Winkler, Mirko S. (2021) In Impact Assessment and Project Appraisal 39(4). p.304-319
Abstract

The extraction of natural resources, such as minerals, oil, and gas, can have profound economic effects. The application of economic analysis methods in impact studies of resource extraction projects holds potential to inform decision-making in order to optimise gains and minimise negative externalities. This paper aims to identify and characterise peer-reviewed publications that report on economic studies implemented as part of impact assessments of resource extraction projects. We conducted a systematic scoping review in PubMed and Scopus of articles published between 1998 and 2020. Out of 1,579 raw hits, we identified 13 articles describing 15 economic analyses of resource extraction projects. Half of the identified papers presented... (More)

The extraction of natural resources, such as minerals, oil, and gas, can have profound economic effects. The application of economic analysis methods in impact studies of resource extraction projects holds potential to inform decision-making in order to optimise gains and minimise negative externalities. This paper aims to identify and characterise peer-reviewed publications that report on economic studies implemented as part of impact assessments of resource extraction projects. We conducted a systematic scoping review in PubMed and Scopus of articles published between 1998 and 2020. Out of 1,579 raw hits, we identified 13 articles describing 15 economic analyses of resource extraction projects. Half of the identified papers presented economic analyses conducted in the context of mining and oil/gas projects. The majority of the identified studies dealt with the cost and/or benefits of environmental and/or social impacts. Only one study investigated economic aspects associated with potential health impacts. Given the small number of papers identified, economic analysis of impacts associated with natural resource extraction projects seems to be a small field of published research. Yet the inclusion of economic analysis in impact assessment of resource extraction projects holds promise to better harness benefits for local communities and governments while minimising negative externalities.

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author
; ; and
publishing date
type
Contribution to journal
publication status
published
keywords
Economic analysis, extractive industry, impact assessment, resource extraction, scoping review
in
Impact Assessment and Project Appraisal
volume
39
issue
4
pages
304 - 319
publisher
Beech Tree Publishing
external identifiers
  • scopus:85103617687
ISSN
1461-5517
DOI
10.1080/14615517.2021.1910182
language
English
LU publication?
no
additional info
Publisher Copyright: © 2021 The Author(s). Published by Informa UK Limited, trading as Taylor & Francis Group.
id
f5296b81-4d34-45e7-b40a-aa9a45299e2b
date added to LUP
2023-10-12 12:11:37
date last changed
2023-10-12 12:45:11
@article{f5296b81-4d34-45e7-b40a-aa9a45299e2b,
  abstract     = {{<p>The extraction of natural resources, such as minerals, oil, and gas, can have profound economic effects. The application of economic analysis methods in impact studies of resource extraction projects holds potential to inform decision-making in order to optimise gains and minimise negative externalities. This paper aims to identify and characterise peer-reviewed publications that report on economic studies implemented as part of impact assessments of resource extraction projects. We conducted a systematic scoping review in PubMed and Scopus of articles published between 1998 and 2020. Out of 1,579 raw hits, we identified 13 articles describing 15 economic analyses of resource extraction projects. Half of the identified papers presented economic analyses conducted in the context of mining and oil/gas projects. The majority of the identified studies dealt with the cost and/or benefits of environmental and/or social impacts. Only one study investigated economic aspects associated with potential health impacts. Given the small number of papers identified, economic analysis of impacts associated with natural resource extraction projects seems to be a small field of published research. Yet the inclusion of economic analysis in impact assessment of resource extraction projects holds promise to better harness benefits for local communities and governments while minimising negative externalities.</p>}},
  author       = {{Zabré, Hyacinthe R. and Dietler, Dominik and Diagbouga, Serge P. and Winkler, Mirko S.}},
  issn         = {{1461-5517}},
  keywords     = {{Economic analysis; extractive industry; impact assessment; resource extraction; scoping review}},
  language     = {{eng}},
  number       = {{4}},
  pages        = {{304--319}},
  publisher    = {{Beech Tree Publishing}},
  series       = {{Impact Assessment and Project Appraisal}},
  title        = {{Scoping review of the inclusion of economic analysis in impact studies of natural resource extraction projects}},
  url          = {{http://dx.doi.org/10.1080/14615517.2021.1910182}},
  doi          = {{10.1080/14615517.2021.1910182}},
  volume       = {{39}},
  year         = {{2021}},
}