An Empirical Analysis of Relative Oil Price Shocks and Chinese Net Processing Exports

Abstract:

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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)

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 and 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:

$35.00

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