An Empirical Analysis of Relative Oil Price Shocks and Chinese Net Processing Exports

被引：1

作者：

Ma, Ping ^{[1
]}

Diao, Weiyang ^{[1
]}

机构：

[1] Jilin Univ Finance & Econ, Coll Int Econ & Trade, Changchun 130117, Jilin, Peoples R China

来源：

RENEWABLE AND SUSTAINABLE ENERGY, PTS 1-7 | 2012年 / 347-353卷

关键词：

Oil Price Shocks; Processing Trade; Cointegration; Vector Error Correction Model; Granger Non-Causality;

D O I：

10.4028/www.scientific.net/AMR.347-353.3098

中图分类号：

TE [石油、天然气工业]; TK [能源与动力工程];

学科分类号：

0807 ; 0820 ;

摘要：

This paper studies the effects of Chinese relative domestic oil prices on net processing exports. Using a set of monthly data ranging from 2002 to 2008, we identify a long-run equilibrium cointegrating relationship between the two inflationary series. The unidirectional short-run Granger causality is running from relative oil prices to net processing exports, while in the long-run, the Granger causality is bidirectional. What is noteworthy is that relative oil price shocks have long-run positive effects on Chinese net processing exports, indicating the existence of an energy cost-driven mechanism of endogenous technological change.

引用

页码：3098 / 3102

页数：5

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