The Analysis of International Crude Oil Price Fluctuations on the Impact of Chinas Price
The object of this paper is to investigate the impacts of fluctuations in international crude oil prices on Chinas price and effect. In order to quantifying the impact, Granger causality test and the VAR model impulse response function were chosen in this study. The time span of the data used in this paper was from January 1999 to June 2009. The empirical analysis of the relationship between the price fluctuations in crude oil, PPI and CPI shows that the fluctuation in crude oil price is the one-way Granger cause for the change of PPI, while PPI is the one-way Granger cause for the change in CPI. And accordingly, the corresponding policy recommendations were put forward.
fluctuations in the international crude oil prices granger causality test PPI CPI
WU Xiang PAN Yan WANG Yanhong
School of Economics and Management, Northeast Dianli University, P.R.China, 132002
国际会议
威海
英文
224-229
2010-07-24（万方平台首次上网日期，不代表论文的发表时间）