Mining or industrial activity? This is not only an ancient question in Peruvian mining sector but a key issue for domestic and foreign private investment on cement. Since few years ago, cement manufacturing process has been being qualified and regulated by the Peruvian Mining Authority as a mining benefit process which implies the obligation to obtain a benefit mining concession previously. However, upon a review of the technical process aspects, the legal framework in force and a recent judgment enacted by the Constitutional Court of Peru regarding this topic, the position traditionally assumed by the Ministry of Energy and Miningcould be reconsidered. / ¿Es actividad minera o industrial? Ésta no es solo una antigua interrogante en el sector minero peruano sino una cuestión clave para la inversión privada local y extranjera del rubro cementero. Desde hace algunos años, la producción de cemento ha venido siendo calificada y regulada por la autoridad minera como beneficio minero, lo cual importa la obligación del titular de obtener previamente a la ejecución de la misma una concesión de beneficio. Sin embargo, a partir de una revisión de los aspectos técnicos del proceso, el marco normativo vigente y un reciente pronunciamiento del Tribunal Constitucional en relación a este tema, la tradicional posición adoptada por el Ministerio de Energía y Minas podría ser repensada.

Made available in DSpace on 2016-12-23T14:00:41Z (GMT). No. of bitstreams: 1 Daiane Rodrigues dos Santos.pdf: 1209451 bytes, checksum: 736d71d938399ee86b65daeabf745b1b (MD5) Previous issue date: 2011-05-06 / O presente trabalho pretende discutir a relação entre o spread, diferença entre a taxa de juros de longo e curto prazos, e a dinâmica econômica. Especificamente, estudar como o spread influencia a taxa real de crescimento do PIB, ressaltado por autores como Harvey (1988), Sims (1972), Bernand e Gerlach (1996) e Estella (2004), entre outros. Verificou-se nas saídas do modelo VAR(6) que a Produção Industrial brasileira é apenas fracamente influenciada pelo spread. No entanto, verificou-se que o spread é fortemente influenciado pela Produção Industrial, relação esta não realçada pelos autores do referencial teórico. Apurou-se também que o spread é fortemente influenciado pelo IPCA, que por sua vez ´e influenciado fortemente pelo spread, confirmando a relação dinâmica ressaltada por Sims (1972), Shousha (2006), Nielsen (2006), entre outros. Nas saídas do modelo dinâmico, VAR(6), também se verificou que o IPCA é fortemente influenciado pela Produção Industrial, que, por sua, vez é fracamente influenciada pela série composta pelo IPCA. / The work aims at identifying the relationship between the spread, difference of the long term interest rate in relation to the short term interest rate, and the economic dynamic. Specifically, it studies how the spread has impacted on the gross domestic product real growth rate, phenomenon pointed out by authors such as Harvey (1988), Sims (1972), Bernard & Gerlach (1996) and Estrella (2004), among others. It was verified, in the model VAR (6), that the Brazilian industrial production is weakly influenced by the spread. However, it was observed that the last one is strongly determined through the industrial production. This result is not found in the adopted theoretic approach. Additionally, it was verified that the spread is highly determined from the IPCA, which is, in its turn, strongly influenced through the spread, confirming the relations showed in Sims (1972), Shousha (2006), Nielsen (2006), among others. In the statistics of the dynamic model, VAR (6), it also presented an expressive effect from the industrial production on the IPCA, which, by contrast, is not significantly determining the industrial activity in the sample period