Paper Title:
An Empirical Analysis of Relative Oil Price Shocks and Chinese Net Processing Exports
  Abstract

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.

  Info
Periodical
Advanced Materials Research (Volumes 347-353)
Chapter
Chapter 6: Energy-Saving Technology
Edited by
Weiguo Pan, Jianxing Ren and Yongguang Li
Pages
3098-3102
DOI
10.4028/www.scientific.net/AMR.347-353.3098
Citation
P. Ma, W. Y. Diao, "An Empirical Analysis of Relative Oil Price Shocks and Chinese Net Processing Exports", Advanced Materials Research, Vols. 347-353, pp. 3098-3102, 2012
Online since
October 2011
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Price
$32.00
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