Graham A. Davis
Professor Emeritus, Economics and Business
Graham A. Davis is an emeritus professor of economics and business at the Colorado School of Mines, where he taught and researched mineral and energy economics for 25 years. Prior to joining academia, Dr. Davis worked as a metallurgical engineer at mines in Canada and Namibia. He has a BS in Metallurgical Engineering from Queen’s University, an MBA from the University of Cape Town, and a PhD in Mineral Economics from the Pennsylvania State University.
His research areas include the impact of mineral extraction and trade on developing economies. He serves on the Editorial Board of Resources Policy, an international journal devoted to minerals policy and economics. Past research assignments have included working with UNIDO on development strategies for Mongolia and with the WTO in an analysis of global mineral trade patterns. He is currently supporting the Inter-American Development Bank’s analysis of fiscal regimes that apply to petroleum and mining projects in Latin America and the Caribbean.
- PhD, Mineral Economics, Pennsylvania State University
- MBA, University of Cape Town
- BS, Metallurgical Engineering, Queen’s University at Kingston
- Development Economics
- Asset Pricing
- Real Options
- HNRS 425 Explorations in Politics, Policy, & Leadership
- EBGN 509 Mathematical Economics
- EBGN 511 Microeconomics
- EBGN 575 Advanced Mineral and Energy Asset Valuation
- EBGN 695 Research Methodology
- Davis, G. A., and Smith, J. L. “Design and performance of mining and petroleum fiscal regimes in Latin America and the Caribbean: Survey of current practices, lessons learned, and best practices.” Inter-American Development Bank Monograph, August 2020.
- Davis, G. A. “Large-sample evidence of income inequality in resource-rich nations.” Mineral Economics 33 (2020): 193-216.
- Yang, P., and Davis, G. A. “Non-renewable resource extraction under financial incentives to reduce and reverse stock pollution.” Journal of Environmental Economics and Management 92 (2018): 282-299.
- Davis, G. A., and Lund, D. “Taxation and investment decisions in petroleum.” Energy Journal 39.6 (2018): 189-208.
- Davis, G.A., and Manzano, O. “The extractive industries in Central America.” The Extractive Industries and Society 5.3 (2018): 215-217.
- Nulle, G. M., and Davis, G. A. “Neither Dutch nor disease? – Natural resource booms in theory and empirics.” Mineral Economics 31 (2018): 35-59.
- Davis, G. A., and Cairns, R. D. “The odd notion of ‘reversible investment’.” Journal of Banking and Finance 81 (2017): 172-180.
- Kaffine, D. T., and Davis, G. A. “A Multi-row deletion diagnostic for influential observations in small-sample regressions.” Computational Statistics and Data Analysis 108 (2017): 133-145.
- Cairns, R. D., and Davis, G. A. “Mineral depletion and the rules of resource dynamics.” Energy Journal 36.SI1 (2015): 159-178.
- Davis, G. A. “Replicating ‘Sources of Slow Growth in African Economies’.” In, Methodological Challenges and New Approaches to Research in International Development, Laura Camfield, ed. London, Palgrave Macmillan (2014), 261-82.
- Samis, M., and Davis, G. A. “Using Monte Carlo simulation with DCF and real options risk pricing techniques to analyse a mining financing proposal.” International Journal of Financial Engineering and Risk Management 1.3 (2014): 264-281.
- Davis, G. A. “Replicating Sachs and Warner’s working papers on the resource curse.” Journal of Development Studies 49.12 (2013): 1615-1630.
- Samis, M., Martinez, L., Davis, G. A., and Whyte, J. B. “Using dynamic discounted cash flow and real option methods for economic analysis in NI43-101 technical reports.” in The Valmin Seminar Series 2011-12 Proceedings, The Australian Institute of Mining and Metallurgy, Publication Series No 3/2012, 149-160.
- Davis, G. A., and Vasquez Cordano, A. L. “The fate of the poor in growing mineral and energy economies.” Resources Policy 38.2 (2013): 138-151.
- Davis, G. A., and Vasquez Cordano, A. L. “International trade in mining products.” Journal of Economic Surveys 27.1 (2013): 74-97.
- Davis, G. A. “Technical note: simulating the two-factor Schwartz and Smith model of commodity prices.” Engineering Economist 57.2 (2012): 130-140.
- Davis, G. A., and Cairns, R. D. “Good timing: the economics of optimal stopping.” Journal of Economic Dynamics and Control 36.2 (2012): 255-265.
- Davis, G. A. “The resource drag.” International Economics and Economic Policy, 8 (2011): 155-176.
- Davis, G. A. “Extractive economies, growth and the poor.” in Mining, Society, and a Sustainable World, edited by Jeremy P. Richards. Berlin: Springer-Verlag, 37-60.
- Bertisen, J., and Davis, G. A. “Bias and error in mine project capital cost estimation.” Engineering Economist 53.2 (2008): 118-139.
- Davis, G. A., and Tilton, J. E. “Why the Resource Curse is a concern.” Mining Engineering 60.4 (2008): 29-32.
- Davis, G. A., and Newman, A. M. “Modern strategic mine planning.” Proceedings of the 2008 Australian Mining Technology Conference, AusIMM, Carlton, Australia (2008), 129-139.
- Samis, M. R., Davis, G. A., and Laughton, D. G. “Using stochastic discounted cash flow and Monte Carlo simulation to analyze the impacts of contingent taxes on mining projects.” Project Evaluation 2007, AusIMM, Carlton, Australia (2007), 127-137.
- Davis, G. A. “Measuring unambiguously pro-poor growth.” Journal of Economic and Social Measurement 32.4 (2007): 253-261.
- Davis, G. A. “Reflections of a first-time replicator.” Journal of Economic and Social Measurement 32.4 (2007): 263-266.
- Davis, G. A., and Samis, M. “Using real options to value and manage exploration,” in Wealth Creation in the Minerals Industry: Integrating Science, Business, and Education, edited by Michael D. Doggett and John R. Parry. Littleton, CO: Special Publication Number 12, Society of Economic Geologists (2006), 273-294.
- “A simple Monte Carlo approach to examine sample robustness in growth regressions,” 2013.
- “Trade in mineral resources,” background paper to the 2010 World Trade Report, 2009.
- “The economics of optimal stopping,” with Robert Cairns, 2009.
- “An empirical investigation of mining and sustainable development,” 2004.
- “Should developing countries renounce mining? A perspective on the debate,” with John Tilton, 2002.