<?xml version="1.0" encoding="ISO-8859-1"?><article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<front>
<journal-meta>
<journal-id>2448-718X</journal-id>
<journal-title><![CDATA[El trimestre económico]]></journal-title>
<abbrev-journal-title><![CDATA[El trimestre econ]]></abbrev-journal-title>
<issn>2448-718X</issn>
<publisher>
<publisher-name><![CDATA[Fondo de Cultura Económica]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S2448-718X2016000400549</article-id>
<article-id pub-id-type="doi">10.20430/ete.v83i332.233</article-id>
<title-group>
<article-title xml:lang="es"><![CDATA[¿Apropiación privada de renta de recursos naturales? El caso del cobre en Chile]]></article-title>
<article-title xml:lang="en"><![CDATA[Private Appropriation of Natural Resource Rent? The case of Cooper in Chile]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Leiva Crispi]]></surname>
<given-names><![CDATA[Benjamín]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Universidad de Chile  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Chile</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>12</month>
<year>2016</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>12</month>
<year>2016</year>
</pub-date>
<volume>83</volume>
<numero>332</numero>
<fpage>549</fpage>
<lpage>572</lpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_arttext&amp;pid=S2448-718X2016000400549&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_abstract&amp;pid=S2448-718X2016000400549&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_pdf&amp;pid=S2448-718X2016000400549&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen: Los aumentos de precio de un recurso natural pueden generar renta, cuyo valor debiese ser recuperado por el Estado para minimizar ineficiencias en la economía, evitar discriminaciones arbitrarias entre ciudadanos y mantener una trayectoria sostenible. Como tema de estudio sobre apropiación privada de renta de recursos naturales, este artículo explora el caso del cobre en Chile desde 1990, analizando empíricamente si las principales mineras privadas han recuperado en valor presente más que su inversión. Los resultados del ejercicio, aplicable a otros recursos naturales, indican que algunas mineras sí lo han hecho, captando unos 40 000 millones de dólares hasta 2012. Elaborar una institucionalidad idónea para futuros yacimientos es un importante desafío para que Chile aproveche su potencial minero, así como para que cualquier país con una abundante base de recursos goce plenamente de su riqueza natural. Para tal efecto, se propone la concesión conocida como Mínimo Valor Presente de Ingresos (MVPI).]]></p></abstract>
<abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract: Unexpected increases of natural resource prices can generate rents, value that should be recovered by the State to minimize inefficiencies, avoid arbitrary discrimination between citizens and keep a sustainable trajectory. As a case study about private appropriation of natural resource rent, this work explores the case of copper in Chile since 1990, empirically analyzing if the 12 main private mining companies have recovered in present value more than their investment during their life cycle. The results of this exercise, applicable to other natural resources, indicate that some actually have, capturing about US$40 billion up to 2012. Elaborating an adequate institutional framework for future deposits remain important challenges for Chile to plentifully take advantage of its mining potential, as well as for any country with an abundant resource base to better enjoy its natural wealth. For that purpose, a concession known as Least Present Value Revenue (LPVR) is proposed.]]></p></abstract>
<kwd-group>
<kwd lng="es"><![CDATA[cobre]]></kwd>
<kwd lng="es"><![CDATA[recursos naturales]]></kwd>
<kwd lng="es"><![CDATA[renta]]></kwd>
<kwd lng="es"><![CDATA[análisis intertemporal]]></kwd>
<kwd lng="es"><![CDATA[Mínimo Valor Presente de Ingresos]]></kwd>
<kwd lng="es"><![CDATA[concesiones]]></kwd>
<kwd lng="es"><![CDATA[Chile]]></kwd>
<kwd lng="en"><![CDATA[copper]]></kwd>
<kwd lng="en"><![CDATA[natural resource]]></kwd>
<kwd lng="en"><![CDATA[rent]]></kwd>
<kwd lng="en"><![CDATA[intertemporal analysis]]></kwd>
<kwd lng="en"><![CDATA[least present value of revenue]]></kwd>
<kwd lng="en"><![CDATA[concessions]]></kwd>
<kwd lng="en"><![CDATA[Chile]]></kwd>
</kwd-group>
</article-meta>
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