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Examining the Impact of Banking Imbalances on Energy Imbalances
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Seyyed Abdollah Razavi1   , Leila Kashani2 |
1- Associate Professor, Department of Energy Economics and Management, Petroleum University of Technology, Tehran, Iran. , srazavi@put.ac.ir
2- Master's in Economics, Kharazmi University, Tehran, Iran, |
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Abstract: (27 Views) |
In the economic literature on the banking system, financing approximately 80% of projects is crucial. Additionally, the country's economic dependence on energy and the imbalance in petroleum products significantly affect economic relations. However, banking imbalances, such as accumulated losses and mandatory policies, have exacerbated economic challenges. In recent years, the energy imbalance in the production sector and the failure to implement oil and gas projects due to insufficient financing have become critical issues. The use of short-term banking resources for long-term energy projects has led to increased liquidity, delays in refinery projects, and reduced investment. This study explores the relationships between the banking system and the energy sector. The results of Johansen cointegration and Granger causality tests for the period 1978 to 2023 indicate that banking and energy imbalances, particularly in liquidity, debt to the central bank, and petroleum product imports, have a reciprocal and amplifying effect on one another.
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| Keywords: Banking System, Energy Sector, Banking Imbalance, Energy Imbalance, Financing of Petroleum Products Projects. |
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Full-Text [PDF 875 kb]
(26 Downloads)
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Type of Study: Research |
Subject:
Management
Received: 2024/12/8 | Accepted: 2025/02/1 | Published: 2025/10/2
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