The Impact of International Oil Price Fluctuation on China's Economy
TLDR
In this article, the authors apply the cointegration and error correction model to measure the impact of oil price on the economy and find that there exists a long-run equilibrium relationship between the oil price and the China's output, the consumer price index, the total amount of net exports and the monetary policy.About:
This article is published in Energy Procedia.The article was published on 2011-01-01 and is currently open access. It has received 75 citations till now. The article focuses on the topics: Oil-storage trade & Price level.read more
Citations
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Does geopolitical risk strengthen or depress oil prices and financial liquidity? Evidence from Saudi Arabia
TL;DR: In this article, the causality of geopolitical risk, oil prices and financial liquidity in Saudi Arabia was assessed by means of wavelet analysis, which aims to investigate whether such relationships support the monetary equilibrium model.
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Implications of Oil Prices Shocks for the Major Emerging Economies: A Comparative Analysis of BRICS
TL;DR: This paper employed a time-varying structural vector autoregressive (TV-SVA) framework in which the sources of time variation are the coefficients and variance-covariance matrix of the innovations.
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Oil price shocks and China's economy: Reactions of the monetary policy to oil price shocks
TL;DR: The authors empirically analyzed the effect of positive oil price shocks on China's economy, having special interest in the response of the Chinese interest rate to those shocks, and found that the response to the oil price shock is not only time-varying but also showing quite different signs of responses.
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Macroeconomic effects of oil price shocks in China: An empirical study based on Hilbert–Huang transform and event study
TL;DR: In this article, the authors applied Hilbert-Huang transform (HHT) and event study methods to estimate the impacts of oil price shocks on China's macroeconomy, and quantified the oil price shock intensity, and verifies the hypothesis that macroeconomic impacts are depended on shock intensity.
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Impact of changes in crude oil trade network patterns on national economy
Xian Xi,Xian Xi,Jinsheng Zhou,Xiangyun Gao,Xiangyun Gao,Donghui Liu,Donghui Liu,Huiling Zheng,Huiling Zheng,Qingru Sun,Qingru Sun +10 more
TL;DR: Based on the complex network and econometric theory, this paper studied the impact of crude oil trade pattern changes of the B&R countries on each country's GDP and obtained the following results: (1) The impact of national trade influence on GDP was significant and positive, particularly after the initiative was proposed.
References
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Oil and the Macroeconomy since World War II
TL;DR: The authors found that all but one of the U.S. recessions since World War II have been preceded, typically with a lag of around three-fourths of a year, by a dramatic increase in the price of crude petroleum.
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Understanding Crude Oil Prices
TL;DR: The authors examines the factors responsible for changes in crude oil prices and concludes that although scarcity rent made a negligible contribution to the price of oil in 1997, it could now begin to play a role.
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Oil and the Macroeconomy Since the 1970s
TL;DR: The authors provide an idiosyncratic synthesis of what they view as the key issues in this debate and the insights gained over the last 30 years, and highlight some of the conceptual difficulties in assigning a central role to oil price shocks in explaining economic performance.
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Testing for the Effects of Oil-Price Rises using Vector Autoregressions
John Burbidge,Alan Harrison +1 more
ReportDOI
Imperfect Competition and the Effects of Energy Price Increases on Economic Activity
TL;DR: This paper showed that modifying the standard neoclassical growth model by assuming that competition is imperfect makes it easier to explain the size of the declines in output and real wages that follow increases in the price of oil.