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dc.rights.licenseAl consultar y hacer uso de este recurso, está aceptando las condiciones de uso establecidas por los autores.es_CO
dc.contributor.advisorBautista Mena, Rafael de Jesús
dc.contributor.advisorBenavides Estévez-Breton, Juan Mauricio
dc.contributor.advisorZamora Reyes, José Armando
dc.contributor.advisorAzuero Zúñiga, Francisco 
dc.contributor.authorCabrales Arévalo, Sergio Andrés 
dc.date.accessioned2018-09-27T16:39:22Z
dc.date.available2018-09-27T16:39:22Z
dc.date.issued2014
dc.identifier.urihttp://hdl.handle.net/1992/7822
dc.description.abstractThis dissertation explores the impact of noncommercial objectives (over employment and subsidized domestic fuel price) on National Oil Companies (NOCs) and the common factors of the oil producing countries which own National Oil Companies. We study to specific situations. First. I develop a production, reinvestment (exploration and recovery) and dividend model to estimate the effects of over employment and domestic fuel subsidies on NOC's operational and ?nancial decisions. I find that over employment and domestic fuel subsidies dramatically reduce NOC's market value, production, and reinvestment, which represent the economic cost (shadow prices) and operational consequences of non-commercial objectives. Then. I study a database of 43 oil producing countries during the period 2004-2012 using a Logistic Panel Regression, in order to identify social-economic and governance common factors. The results show that oil-producing countries with relatively low economic development, limited public opinion voice, reduced accountability, and unclear regulation tend to own a NOC. Overall, this result suggests the hypothesis that politicians or leaders are more likely to address non-commercial objectives in countries with underdeveloped economies and low governancees_CO
dc.formatapplication/pdfes_CO
dc.format.extent104 hojases_CO
dc.language.isoenges_CO
dc.publisherUniandeses_CO
dc.sourceinstname:Universidad de los Andeses_CO
dc.sourcereponame:Repositorio Institucional Sénecaes_CO
dc.titleTwo essays on political economy of the oil industryes_CO
dc.typedoctoralThesises_CO
dc.publisher.programDoctorado en Administraciónes_CO
dc.rights.accessRightsopenAccess
dc.subject.keywordIndustria del petróleo - Investigacioneses_CO
dc.publisher.facultyFacultad de Administraciónes_CO
dc.type.versionpublishedVersion
dc.description.degreenameDoctor en Administraciónes_CO
dc.description.degreelevelDoctoradoes_CO


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