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The Long-run and Short-run Effects of Crude Oil Price on Methanol Market in Iran

Year 2013, Volume: 3 Issue: 1, 43 - 50, 01.03.2013

Akbar Komijani Nadiya Gandali Alikhani Esmaeil Naderi

https://izlik.org/JA27YB95TX

Abstract

Substituting crude oil exports with value-added petrochemical products is one of the main strategies for policy makers in oil-driven economies to isolating the real sectors of economy from oil price volatility. This policy inclination has led to a body of literature in energy economics in recent decades. As a case study, this paper investigates the short-run and long-run relationship between Iran’s oil price and methanol price which is one of the most important non-oil exports of the oil-exporting country. To do so, the weekly data from 18 Jan. 2009 to 18 Sep. 2011 in a VECM framework is applied. The results show that in the long-run, oil price hikes leads to proportional increase in methanol price while in the short-run, this impact is not significant.

Keywords

Crude Oil Methanol VECM Model

Year 2013, Volume: 3 Issue: 1, 43 - 50, 01.03.2013

Akbar Komijani Nadiya Gandali Alikhani Esmaeil Naderi

https://izlik.org/JA27YB95TX

Abstract

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Details

Other ID JA43AV66HN
Authors

Akbar Komijani This is me

Nadiya Gandali Alikhani This is me

Esmaeil Naderi This is me

Publication Date March 1, 2013
IZ https://izlik.org/JA27YB95TX
Published in Issue Year 2013 Volume: 3 Issue: 1

Cite

APA Komijani, A., Alikhani, N. G., & Naderi, E. (2013). The Long-run and Short-run Effects of Crude Oil Price on Methanol Market in Iran. International Journal of Energy Economics and Policy, 3(1), 43-50. https://izlik.org/JA27YB95TX
AMA 1.Komijani A, Alikhani NG, Naderi E. The Long-run and Short-run Effects of Crude Oil Price on Methanol Market in Iran. IJEEP. 2013;3(1):43-50. https://izlik.org/JA27YB95TX
Chicago Komijani, Akbar, Nadiya Gandali Alikhani, and Esmaeil Naderi. 2013. “The Long-Run and Short-Run Effects of Crude Oil Price on Methanol Market in Iran”. International Journal of Energy Economics and Policy 3 (1): 43-50. https://izlik.org/JA27YB95TX.
EndNote Komijani A, Alikhani NG, Naderi E (March 1, 2013) The Long-run and Short-run Effects of Crude Oil Price on Methanol Market in Iran. International Journal of Energy Economics and Policy 3 1 43–50.
IEEE [1]A. Komijani, N. G. Alikhani, and E. Naderi, “The Long-run and Short-run Effects of Crude Oil Price on Methanol Market in Iran”, IJEEP, vol. 3, no. 1, pp. 43–50, Mar. 2013, [Online]. Available: https://izlik.org/JA27YB95TX
ISNAD Komijani, Akbar - Alikhani, Nadiya Gandali - Naderi, Esmaeil. “The Long-Run and Short-Run Effects of Crude Oil Price on Methanol Market in Iran”. International Journal of Energy Economics and Policy 3/1 (March 1, 2013): 43-50. https://izlik.org/JA27YB95TX.
JAMA 1.Komijani A, Alikhani NG, Naderi E. The Long-run and Short-run Effects of Crude Oil Price on Methanol Market in Iran. IJEEP. 2013;3:43–50.
MLA Komijani, Akbar, et al. “The Long-Run and Short-Run Effects of Crude Oil Price on Methanol Market in Iran”. International Journal of Energy Economics and Policy, vol. 3, no. 1, Mar. 2013, pp. 43-50, https://izlik.org/JA27YB95TX.
Vancouver 1.Akbar Komijani, Nadiya Gandali Alikhani, Esmaeil Naderi. The Long-run and Short-run Effects of Crude Oil Price on Methanol Market in Iran. IJEEP [Internet]. 2013 Mar. 1;3(1):43-50. Available from: https://izlik.org/JA27YB95TX