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:: Volume 14, Issue 53 (Summer 1396 2017) ::
QEER 2017, 14(53): 165-184 Back to browse issues page
Study of Oil Refining Company Competitiveness through Measure of Products Support Indices - The case Study of Isfahan Refinery
Naser Chavoshi Mr, Saeed Daei-Karimzadeh Dr 1
1- , saeedkarimzade@yahoo.com
Abstract:   (248 Views)
Iran has gained an opportunity for active presence on the global economic scene, with the recent lessening of sanctions following the Iran nuclear deal. To take advantage of market opportunities Iran needs to strengthen the competitive position of its industries. Appropriate supportive economic policies has to be bsaed on a sound understanding of the competitiveness of key industries. In this connection the oil industry is particularly important given its central role in the Iranian economy. In the study, we use a descriptive analytical approach to study the competitiveness of Isfahan refinery using the company’s latest financial statements  for 2011-2012 to calculate the values of protection factors received by the company including nominal protection of products and inputs and effective protection rates of the three selected products of petrol, kerosene and gasoline. The results indicate that despite subsidized pricesn for inputs, restrictive economic policies means that the products do not receive any effective protection due to the burden of indirect taxes imposed on the company which cause the company to turn into a loss making enterprise. The continuation of current policies will seriously undermine the competitiveness of the oil industry in the post sanctinos era. 
JEL Classification: F40, Z14
 
Keywords: Protection factor, nominal protection factor of inputs, nominal protection factor of products, effective protection factor, Isfahan refinery
Full-Text [PDF 475 kb]   (128 Downloads)    
Type of Study: Research | Subject: Energy Economic
Received: 2015/12/7 | Accepted: 2017/06/18 | Published: 2017/09/20
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chavoshi N, Daei-Karimzadeh S. Study of Oil Refining Company Competitiveness through Measure of Products Support Indices - The case Study of Isfahan Refinery. QEER. 2017; 14 (53) :165-184
URL: http://iiesj.ir/article-1-600-en.html


Volume 14, Issue 53 (Summer 1396 2017) Back to browse issues page
فصلنامه مطالعات اقتصاد انرژی Quarterly Energy Economics Review
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