The long-run and short-run impact of the domestic and global naphtha prices on the sales of the naphtha based public petrochemical companies in Iran

Publish Year: 1400
نوع سند: مقاله کنفرانسی
زبان: English
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شناسه ملی سند علمی:

MMEA01_0014

تاریخ نمایه سازی: 23 خرداد 1401

Abstract:

The importance of non-oil exportation in Iran rise recently due to the US sanctions against Iran. The petrochemical industry is the leader of the non-oil exporter in Iran. In this study, the impact of global and domestic naphtha prices on the sales of the petrochemical companies in Iran is evaluated. ARDL (۱, ۱, ۱) is chosen as the best modelling method. There is not any meaningful relationships between the parameters in short-run. Nevertheless, in the long-run, both the global and domestic naphtha prices influence the sales of the petrochemical companies positively. However, the effect of global naphtha prices is more substantial than domestic prices. A one percent increase in the global and domestic naphtha prices in the long-run causes an improvement in the sales by ۰.۷۵ and ۰.۱۱ percent respectively in ARDL model.

Authors

Mahdi Rostami

Assistant Professor, Department of Energy Economics and Management, Tehran Faculty of Petroleum, Petroleum University of Technology, Tehran, Iran

Tarokh Bahrdo

M.Sc. Student in Oil & Gas Economics, Energy Economics & Management Department, Petroleum Faculty of Tehran, Petroleum University of Technology, Tehran, Iran

Nosratollah Abbas Zadeh

Assistant Professor, Department of Energy Economics, Faculty of Natural Resources and Environment, Islamic Azad University Science and Research Branch, Tehran, Iran