Empirical Study on International Oil Price and Oil Consumption
This paper researches on the co-integration and causality relationship between international oil price and oil consumption for USA, Japan, France, China, India and Brazil. The results show there is co-integration between the two variables except oil consumption of India and Brazil, while bidirectional Granger causality from oil price to USAs oil consumption, unidirectional Granger causality from oil price to oil consumption for Japan and France, while no Granger causality from oil price to Chinas oil consumption. Thus the growing Chinas oil consumption is not the reason of the increase of international oil price which denied the China threat effectively.
China threat International oil price Oil consumption Cointegration Causality
Shi Fengdan Hu Yuxian
School of Economics and Management, Beijing University of Aeronautics and Astronautics Beijing, P.R.China
国际会议
上海
英文
4641-4644
2008-05-16（万方平台首次上网日期，不代表论文的发表时间）