سیاستگذاریهای اقتصادی و مالی در حوزههای فوقالذکر در سطوح ملی، منطقهای و جهانی
morteza tahamipour zarandi; seyed amin azimi
Abstract
Attention to water resources and consumption in Iran's industrial sector is important due to the existence of severe tensions in the country's water resources. Therefore, the purpose of this study is to evaluate the virtual water trade in the oil industry of Iran. For this purpose, the technical-basic ...
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Attention to water resources and consumption in Iran's industrial sector is important due to the existence of severe tensions in the country's water resources. Therefore, the purpose of this study is to evaluate the virtual water trade in the oil industry of Iran. For this purpose, the technical-basic approach has been used to measure virtual water and the special water demand and virtual water trade of Iran's oil sector has been calculated from 1978 to 2019. The results show that due to the high volume of oil exports, Iran is a net exporter of virtual water. The amount of water consumed in the oil industry and the process of extraction and production of crude oil in the years under review averaged 594 million cubic meters per year and the amount of virtual water that left the country following the export of crude oil in these years averaged 356 million cubic meters per year. Also, the export value of virtual water in the oil sector has a value of 1838 thousand Rials per cubic meter. To manage the country's water resources and the leading crises in this sector of the industry, it is possible to greatly increase water efficiency in this sector by modifying production processes and updating equipment, facilities, and methods used to optimally consume water in this sector.
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• مطالعات اقتصادی مرتبط با حاملهای انرژی (فسیلی، تجدیدپذیر و برق)
Aziz Zaheri Abdehvand; Amir Hortamani; Saeed Aghasi
Abstract
The main purpose of this study is to investigate the migration of bubbles from the oil market to the stock exchange. First, using the method of Phillips et al. (2015), bubbles were discovered and dated in the Iranian heavy oil market in the monthly period 1980-2020 and the Tehran Stock Exchange in the ...
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The main purpose of this study is to investigate the migration of bubbles from the oil market to the stock exchange. First, using the method of Phillips et al. (2015), bubbles were discovered and dated in the Iranian heavy oil market in the monthly period 1980-2020 and the Tehran Stock Exchange in the period 2008-2020. Then, using the method presented by Gomez-Gonzales et al. (2018), the migration of bubbles from the oil market to the Tehran Stock Exchange in the period 2020-2008 was investigated. The results showed that Iranian heavy oil has 9 bubble cycles in the period under study. Also, six bubbles were observed in the period under review for the Tehran Stock Exchange. The findings indicate the closeness of the ninth bubble in the oil market and the fourth bubble in the Tehran Stock Exchange. The hypothesis of bubble migration from the oil market to the Tehran Stock Exchange was tested in this period. The results of the hypothesis test indicate the acceptance of bubble migration from the oil market to the Tehran Stock Exchange.
نهادها و سازمانهای منطقهای و بین المللی انرژی
maryam houshangi; ali emami meibodi; laleh jokar
Abstract
The restrictions on oil reserves and environmental hazards have led resource-rich countries to focus their attention on gas energy. In this regard, the importance of gas as an appropriate energy source will become even more significant in the coming years. The establishment of a cartel consisting ...
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The restrictions on oil reserves and environmental hazards have led resource-rich countries to focus their attention on gas energy. In this regard, the importance of gas as an appropriate energy source will become even more significant in the coming years. The establishment of a cartel consisting of natural gas producers and exporters in order to achieve strategies for managing and controlling the gas market demonstrates this importance. This paper examines the confrontation or interaction between oil OPEC and the Gas Exporting Countries Forum (gas GECF); using the time series data for OPEC and GECF gas and oil demand in the period from 1970-1 to 2016-4. Regarding the coefficients obtained from the estimation of OPEC and OPEC gas and solving their equations simultaneously in the MATLAB 2014 software, the following results have been obtained; based on the cumulative response function in the case of the formation of a gas cartel, these two cartels will choose collusion strategies. The reason for this can be searched in some common members of the two cartels. Also, based on the impulse response function, oil demand is evaluated more than gas demand. It can be due to the multiple uses of oil over gas which increase the intensive substitution between these two products..
marzieh pakniyat; Javid Bahrami; Hossein Tavakolian; Somayeh Shahhosseini
Abstract
Banks as financial intermediaries play an important role in facilitating the economic cycle. The implications of the bank’s investment in the housing sector in Iran's economy, which is prone to Dutch disease, is a concern of the present study and we have designed a Keynesian dynamic stochastic ...
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Banks as financial intermediaries play an important role in facilitating the economic cycle. The implications of the bank’s investment in the housing sector in Iran's economy, which is prone to Dutch disease, is a concern of the present study and we have designed a Keynesian dynamic stochastic general equilibrium model for it. The results of the model, which confirm the Dutch disease during a positive oil shock, suggest that banks' investment in the housing sector when production in the economy is growing and the amount of concessional facilities has increased, is a well-accepted and profitable. The positive shock of labor productivity in the manufacturing sector and the shock of monetary policy will put the economy in a position where production in the economy will increase and banks' investment in the housing sector will be profitable. But in a space where production is declining and the size of the granting of bank facilities is decreased, as the economy faces a positive shock to labor productivity in the housing sector or a positive shock to oil revenues, the freezing of banks' assets in the housing sector has not been favorable and, furthermore, putting them at risk by reducing profits and falling capital in banks.
Omolbanin Jalali; Madjid Hatefi Madjumerd
Abstract
The government budget dependency on oil revenues, in Iranian economy, make the oil price important; so the oil price is one of the most important pillars of the policy for policymakers. The existence of bubble in the oil market makes oil prices more important than before because in these conditions, ...
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The government budget dependency on oil revenues, in Iranian economy, make the oil price important; so the oil price is one of the most important pillars of the policy for policymakers. The existence of bubble in the oil market makes oil prices more important than before because in these conditions, decision-making is difficult for policy makers. The purpose of this study is applying a recursive unit root tests (GSADF, RADF, SADF) to investigate whether there exist multiple bubbles in Iranian crude oil market. The method delivers a consistent date stamping strategy for origination and termination of bubbles. Our results indicate that these tests are approximately overlapped and their results are relatively the same. The results of GSADF test indicate that there exists 7 bubbles in the period of 01/1980 to 03/2014, in which an average of the bubbles period (almost 15 months) is from 06/2007 to 09/2008 and the lowest bubble period (approximately 1 month) is from 02/2012 to 03/2012. Specifically, the results show that oil price contains the fundamentals and bubble components; the dates of the bubbles correspond to specific events in the politics and financial markets. These findings have important implications to recognize the cause of bubbles and take corresponding measures to reduce the impact on the real sector of economy.
