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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

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

Abstract

There are 0 citations in total.

Details

Other ID JA43AV66HN
Journal Section Research Article
Authors

Akbar Komijani This is me

Nadiya Gandali Alikhani This is me

Esmaeil Naderi This is me

Publication Date March 1, 2013
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.
AMA Komijani A, Alikhani NG, Naderi E. The Long-run and Short-run Effects of Crude Oil Price on Methanol Market in Iran. IJEEP. March 2013;3(1):43-50.
Chicago Komijani, Akbar, Nadiya Gandali Alikhani, and Esmaeil Naderi. “The Long-Run and Short-Run Effects of Crude Oil Price on Methanol Market in Iran”. International Journal of Energy Economics and Policy 3, no. 1 (March 2013): 43-50.
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 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, 2013.
ISNAD 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 3/1 (March 2013), 43-50.
JAMA 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, 2013, pp. 43-50.
Vancouver 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.