Iranian Energy Economics

Investigating the Privatization of Iran's Oil Refinery Industries with DID (Fuzzy) Approach

Document Type : Research Paper

Authors

hosein amirrahimi 1
Seyyed Shamseddin Hosseini 2
Seyyed Mohammad Reza Seyyed Noorani 3
Teymour Mohammadi 4
Esmaeil Safarzadeh 5

1 Ph.D. Candidate in Economic Sciences, Department of Oil and Gas Economics, Allameh Tabataba'i University, Tehran, Iran

2 Assistant Professor, Department of Business Economics, Allameh Tabataba'i University, Tehran, Iran

3 Professor, Department of Theoretical Economics, Allameh Tabataba'i University, Tehran, Iran

4 Associate Professor, Department of Theoretical Economics, Allameh Tabataba'i University, Tehran, Iran

5 Assistant Professor, Department of Economics, Alzahra University, Tehran, Iran

https://doi.org/10.22054/jiee.2021.61333.1846
Abstract
In recent years, privatization in the downstream industries of oil and gas , has been one of the most important measures taken to change and improve the business environment and remove barriers of production, as well as to implement of the general policies of Article 44 of the Constitution. This study intends to check out eleven variables related to the performance of six companies: Isfahan Oil Refinery, Bandar Abbas Oil Refinery, Tehran Oil Refinery, Lavan Oil Refinery, Shiraz Oil Refinery and Tabriz Oil Refinery by DID (fuzzy) method and compare it with control groups in order to Assess the privatization status of these companies. The results of this study show that two variables out of the eleven variables -, the ratio of general administrative and sales costs to revenues and the number of staff before and after the transfer, were significant for the control group. In other words, the employment situation and general administrative and sales costs in the companies under review were more unsatisfactory than the control group and in this regard, they had poor performance. This shows that in practice, the transfer of these companies has not affected the employment situation, positively.

Keywords

General Policies of Article 44 of the Constitution of the Islamic Republic of Iran
Privatization
Oil Refining Industry
DID Approach
Subjects

  • Receive Date 02 June 2021
  • Revise Date 31 August 2021
  • Accept Date 03 October 2021
  • First Publish Date 03 October 2021
  • Publish Date 21 December 2020

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