Understanding the Crude Oil Price: How Important Is the China Factor?

doi:10.5547/ISSN0195-6574-EJ-Vol32-No4-4

CORC > 上海财经大学 > 上海财经大学

	Understanding the Crude Oil Price: How Important Is the China Factor?
	Mu, Xiaoyi 1; Ye, Haichun 2
刊名	ENERGY JOURNAL
	2011
卷号	32 期号:4 页码:69-91
ISSN号	0195-6574
DOI	10.5547/ISSN0195-6574-EJ-Vol32-No4-4
英文摘要	This paper employs monthly data on China's net oil import from January 1997 to June 2010 to assess the role of China's net import in the evolution of the crude oil price. Based on a vector autoregression (VAR) analysis, we find that the growth of China's net oil import has no significant impact on monthly oil price changes and there is no Granger causality between the two variables. The historical decomposition indicates that shocks to China's oil demand have only played a small role in the oil price run-up of 2002-2008. We also calculate the price changes implied by China's net oil import growth from a longer-term supply and demand shift perspective. doi: 10.5547/ISSN0195-6574-EJ-Vol32-No4-4
WOS研究方向	Business & Economics ; Energy & Fuels ; Environmental Sciences & Ecology
语种	英语
出版者	INT ASSOC ENERGY ECONOMICS
WOS记录号	WOS:000295190000004
内容类型	期刊论文
源URL	[http://10.2.47.112/handle/2XS4QKH4/2911]
专题	上海财经大学
通讯作者	Mu, Xiaoyi
作者单位	1.Univ Dundee, Ctr Energy Petr & Mineral Law & Policy, Dundee DD1 4HN, Scotland; 2.Shanghai Univ Finance & Econ, Sch Econ, Shanghai 200433, Peoples R China
推荐引用方式 GB/T 7714	Mu, Xiaoyi,Ye, Haichun. Understanding the Crude Oil Price: How Important Is the China Factor?[J]. ENERGY JOURNAL,2011,32(4):69-91.
APA	Mu, Xiaoyi,&Ye, Haichun.(2011).Understanding the Crude Oil Price: How Important Is the China Factor?.ENERGY JOURNAL,32(4),69-91.
MLA	Mu, Xiaoyi,et al."Understanding the Crude Oil Price: How Important Is the China Factor?".ENERGY JOURNAL 32.4(2011):69-91.