Analyzing the Privatization of Downstream Oil and Gas Industries in Iran from the Perspective of Ostrom's Institutional Analysis and Development Framework

Mohammad Yarahmadi () and Mahdi Sadeghi Shahdani
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Mohammad Yarahmadi: Ph.D. Candidate in Economics, Imam Sadiq university
Mahdi Sadeghi Shahdani: Professor of Economics, Imam Sadiq university

Quarterly Journal of Applied Theories of Economics, 2023, vol. 10, issue 1, 245-288

Abstract: This research has investigated the question, "What are the effective exogenous factors, actors and consequences of non-governmentalization of downstream oil&gas industries?" In the first step, questions according to the IAD framework were extracted by studying documents, previous researches, news and economic data. In this step, 15 elites and industrial activists were selected in a non-random way and based on the verification of elite status in the petrochemical industry and were subjected to semi-structured interviews. In the second step, the propositions extracted from the interviews were analyzed using thematic analysis method, with a comparative approach and based on the IAD analytical framework. Exogenous factors are divided into three categories; The first category is the characteristics of the community, which include: the weakness of the public's investment approach, the biased selection of political actors, and the desire for justice. The material/biological conditions are the second exogenous factor, which consists of: defects in the capital market and the banking sector, the necessity of the presence of non-governmental public institutions, deficiencies in the real private sector, legal deficiencies and macroeconomic policies, deficiencies in the macroeconomic sector, economic sanctions, and rate regulation deficiencies. food. The third exogenous factor is the rules. In the field of actors, 21 institutions were identified, which operate in three levels of establishment, policy and operation, and each of them performs specific tasks of macro-policy, sectoral and direct policy, food supply, management and development, etc. The derived results show that all economic goals in private downstream industries have not been achieved

Keywords: Privatization; petrochemical; Petrorefinery; Article 44 of the Constitution; downstream section; Institutional analysis (search for similar items in EconPapers)
JEL-codes: F55 G23 L00 (search for similar items in EconPapers)
Date: 2023
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