A indústria petrolífera na visão da Nova Economia Institucional: o caso da Petróleos de Venezuela (PDVSA)

Authors

  • Romina Batista de Lucena de Souza
  • Nali de Jesus de Souza
  • Stefano Florissi

DOI:

https://doi.org/10.5380/re.v34i1.11553

Keywords:

economia industrial, Nova Economia Institucional, Petróleos de Venezuela, integração vertical, custos de transação, industrial economics, New Institutional Economics, Vertical integration, transaction costs

Abstract

This article analyzes the growth strategies of Petróleos de Venezuela
(PDVSA) using an industrial organization theory. In the upstream segment PDVSA
associations are done in the exploration and production of oil in Venezuela. This
amplifies its competitive position through economies of scale, access to new
technologies, equipment, risk, cost and profit sharing. The downstream segment
integration happens through joint ventures in refining activities and stocking,
distribution and commercialization of oil derivatives. These strategies have
consolidated the Venezuelan oil Industry through a vertically integrated structure
of associations, following what would be expected in the logic of the new institutional economics.

Downloads

Published

2008-06-23

How to Cite

Souza, R. B. de L. de, Souza, N. de J. de, & Florissi, S. (2008). A indústria petrolífera na visão da Nova Economia Institucional: o caso da Petróleos de Venezuela (PDVSA). Revista De Economia, 34(1). https://doi.org/10.5380/re.v34i1.11553

Issue

Vol. 34 No. 1 (2008)

Section

Artigos

License

By submitting a manuscript to this journal, authors agree with the following terms:

1. Authors retain copyright and grant the journal the right of first publication, with the work simultaneously licensed under the Creative Commons Attribution CC-BY License, which allows for the sharing of the paper while acknowledging authorship and initial publication in this journal.

2. Authors are granted the right to enter into additional and separate contracts aiming at the non-exclusive distribution of the version of the manuscript published in this journal (e.g., reproduction either in institutional repositories or as book chapters), with the acknowledgment of authorship and initial publication in this journal.