Strategic Alliance in Energy Sector & Implications for Economic Growth and Technical Efficiency: The Case of Petrobras and Galp

Cilt: 4 Sayı: 4 1 Aralık 2014
  • Jomar Patricia De Avila Arroyo
  • Milton Yago
  • Muhammad Ali Nasir
  • Junjie Wu
PDF İndir
EN

Strategic Alliance in Energy Sector & Implications for Economic Growth and Technical Efficiency: The Case of Petrobras and Galp

Öz

This study stemmed from the lack of evidence and uncertainties regarding the economic and political effects of a strategic alliance between leading oil companies like Petrobras and Galp on their host economies. This paper investigates whether public and private corporations in the energy sector can influence the economic growth of their respective countries. A Panel data analysis was performed by employing quarterly data from (2006-2013). We also used Data Envelopment Analysis (DEA) approach to measure the technical efficiency (TE) effect of the alliance on the performance of both companies from 1999 to 2012. It was found the exploration and export of oil and gas do not play a significant role in output growth of the home economy and that exploration activities were inflationary, destabilising and inimical to growth, at least in the short-run. On another positive side, both companies showed increased technical efficiencies in the chosen time period. Petrobras enjoyed TE on average of 90% in the variables studied whereas Galp showed an average TE of 70%. These results reflect the corporate strategies of both firms, which focussed on achieving profitable and sustained growth and enhancing their efficiencies in their collective and individual activities.

Anahtar Kelimeler

Ayrıntılar

Birincil Dil

İngilizce

Konular

-

Bölüm

-

Yazarlar

Jomar Patricia De Avila Arroyo Bu kişi benim

Milton Yago Bu kişi benim

Muhammad Ali Nasir Bu kişi benim

Yayımlanma Tarihi

1 Aralık 2014

Gönderilme Tarihi

1 Aralık 2014

Kabul Tarihi

-

Yayımlandığı Sayı

Yıl 2014 Cilt: 4 Sayı: 4

Kaynak Göster

APA
Arroyo, J. P. D. A., Yago, M., Nasir, M. A., & Wu, J. (2014). Strategic Alliance in Energy Sector & Implications for Economic Growth and Technical Efficiency: The Case of Petrobras and Galp. International Journal of Energy Economics and Policy, 4(4), 759-771. https://izlik.org/JA92MD85RL
AMA
1.Arroyo JPDA, Yago M, Nasir MA, Wu J. Strategic Alliance in Energy Sector & Implications for Economic Growth and Technical Efficiency: The Case of Petrobras and Galp. IJEEP. 2014;4(4):759-771. https://izlik.org/JA92MD85RL
Chicago
Arroyo, Jomar Patricia De Avila, Milton Yago, Muhammad Ali Nasir, ve Junjie Wu. 2014. “Strategic Alliance in Energy Sector & Implications for Economic Growth and Technical Efficiency: The Case of Petrobras and Galp”. International Journal of Energy Economics and Policy 4 (4): 759-71. https://izlik.org/JA92MD85RL.
EndNote
Arroyo JPDA, Yago M, Nasir MA, Wu J (01 Aralık 2014) Strategic Alliance in Energy Sector & Implications for Economic Growth and Technical Efficiency: The Case of Petrobras and Galp. International Journal of Energy Economics and Policy 4 4 759–771.
IEEE
[1]J. P. D. A. Arroyo, M. Yago, M. A. Nasir, ve J. Wu, “Strategic Alliance in Energy Sector & Implications for Economic Growth and Technical Efficiency: The Case of Petrobras and Galp”, IJEEP, c. 4, sy 4, ss. 759–771, Ara. 2014, [çevrimiçi]. Erişim adresi: https://izlik.org/JA92MD85RL
ISNAD
Arroyo, Jomar Patricia De Avila - Yago, Milton - Nasir, Muhammad Ali - Wu, Junjie. “Strategic Alliance in Energy Sector & Implications for Economic Growth and Technical Efficiency: The Case of Petrobras and Galp”. International Journal of Energy Economics and Policy 4/4 (01 Aralık 2014): 759-771. https://izlik.org/JA92MD85RL.
JAMA
1.Arroyo JPDA, Yago M, Nasir MA, Wu J. Strategic Alliance in Energy Sector & Implications for Economic Growth and Technical Efficiency: The Case of Petrobras and Galp. IJEEP. 2014;4:759–771.
MLA
Arroyo, Jomar Patricia De Avila, vd. “Strategic Alliance in Energy Sector & Implications for Economic Growth and Technical Efficiency: The Case of Petrobras and Galp”. International Journal of Energy Economics and Policy, c. 4, sy 4, Aralık 2014, ss. 759-71, https://izlik.org/JA92MD85RL.
Vancouver
1.Jomar Patricia De Avila Arroyo, Milton Yago, Muhammad Ali Nasir, Junjie Wu. Strategic Alliance in Energy Sector & Implications for Economic Growth and Technical Efficiency: The Case of Petrobras and Galp. IJEEP [Internet]. 01 Aralık 2014;4(4):759-71. Erişim adresi: https://izlik.org/JA92MD85RL