Identifying the Risk-return Spectrum of the FSU Oil Economies

摘要：

This paper quantifies the risk-return spectrum of the FSU oil economies, which are of high potential as Chinas major crude oil-importing sources, and explores the influence of introducing the relative risk weights on the changes of the risk-return spectrum. The results show that when the risk preference of decision-makers is considered, the risk-return spectrum of the FSU turns into the low-risk with high-return from the high-risk with high-return, which proves that increasing imports from the FSU is an effective way to balance out the risk from the high import dependence on the ME, and to promote the Chinas energy import security.

作者: Xiaolei Sun Wan He Gang Li Jianping Li

作者单位: Institute of Policy and Management, Chinese Academy of Sciences, Beijing 100190, P.R.China Graduate School of Economics, Renmin University of China, Beijing, 100872, P.R.China Institute of Policy and Management Chinese Academy of Sciences Beijing 100190, P.R.China

会议类型: 国际会议

会议名称: The Second International Joint Conference on Computational Science and Optimization(CSO 2009)(2009 国际计算科学与优化会议)

会议地点: 三亚

会议语种:英文

页码: 1489-1492

在线出版日期: 2009-04-24（万方平台首次上网日期，不代表论文的发表时间）