首页> 外文期刊>Global finance journal >Price causal relations between China and the world oil markets
【24h】

Price causal relations between China and the world oil markets

机译:中国与世界石油市场之间的价格因果关系

获取原文
获取原文并翻译 | 示例
获取外文期刊封面目录资料

摘要

This paper examines China's influence on the volatility of crude oil prices in the international markets. Using data from 1997-2007, we find that China has little impact on the volatility of the world crude oil markets. On the contrary, our evidence shows that the crude oil price innovations in China are significantly driven by the OPEC and US markets, which account for 42-59% of the oil price variations in total. Our results indicate that although China emerges to be an important player, it has not yet correspondingly become an oil pricing power in the world oil markets.
机译:本文考察了中国对国际市场上原油价格波动的影响。使用1997年至2007年的数据,我们发现中国对世界原油市场的波动影响很小。相反,我们的证据表明,中国的原油价格创新很大程度上受到欧佩克和美国市场的推动,而欧佩克和美国市场占总油价变动的42-59%。我们的结果表明,尽管中国已成为重要的参与者,但它尚未相应地成为世界石油市场中的石油定价大国。

著录项

  • 来源
    《Global finance journal》 |2009年第2期|107-118|共12页
  • 作者单位

    Craig School of Business, California State University Fresno, Fresno, CA 93740, United States;

    School of Accounting and Finance, The Hong Kong Polytechnic University, Hong Kong;

    College of Business and Economics, California State University Los Angeles, Los Angeles, CA 90032, United States Lingnan College, Sun Yat-Sen University, 135 Xingang Xi Road, Guangzhou 510275, China;

  • 收录信息
  • 原文格式 PDF
  • 正文语种 eng
  • 中图分类
  • 关键词

    cointegration; crude oil; petroleum markets;

    机译:协整原油;石油市场;

相似文献

  • 外文文献
  • 中文文献
  • 专利
获取原文

客服邮箱:kefu@zhangqiaokeyan.com

京公网安备:11010802029741号 ICP备案号:京ICP备15016152号-6 六维联合信息科技 (北京) 有限公司©版权所有
  • 客服微信

  • 服务号