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      • Open Access Article

        1 - Reaction of European Industries Importing Iranian Oil to Energy Prices: Inter-factor analysis and Inter-fuel analysis
        somayeh azami Kiumars Soheili marjan ghasemi
        Abstract The purpose of this study is evaluating European manufacturing Industries Importing Iranian Oil response to energy prices during 1970-2005. A two-stage translog model is used for estimating production factor and fuel demand elasticities. Results of inter-factor More
        Abstract The purpose of this study is evaluating European manufacturing Industries Importing Iranian Oil response to energy prices during 1970-2005. A two-stage translog model is used for estimating production factor and fuel demand elasticities. Results of inter-factor analysis show that in most of the countries, energy is inelastic input. Results of inter-fuel analysis show that natural gas is a good substitute for gasoil in European industries. With increasing price of electricity and natural gas, it is predicted that oil is a substitute for these energy carriers in most of countries. Demand elasticity for energy carriers (excluding gasoline) was low estimated. The results of this study have important implications for the industry energy suppliers and environmental policy makers. Manuscript profile
      • Open Access Article

        2 - Inter-fuel Substitution in OECD and its Effects on the Fluctuations of Iran's Petroleum Exports
        teymoor mohammadi hamid amadeh fereidoon barkashli dariush vafinajar
        In this paper, based on the importance of Inter-fuel substitution, the researcher try to study the changes in Inter-fuel substitution in OECD and then to answer the question that "whether it has any effect on the fluctuation of Iran's petroleum exports in this market or More
        In this paper, based on the importance of Inter-fuel substitution, the researcher try to study the changes in Inter-fuel substitution in OECD and then to answer the question that "whether it has any effect on the fluctuation of Iran's petroleum exports in this market or not?" By using Linear Dynamic Logit model based on the equations of fuel and SURE to investigate inter-fuel substitution through four fuels including oil, gas, coal and electricity represent that the electricity and gas is the most intensive in short and long-term alternative to oil. The estimation of this system as simultaneous to MSI model for Iran's oil exports in OECD market indicate that these substitutions affect the fluctuations of Iranian petroleum exports.  Manuscript profile