Study on Effect of Oil Price Rising on China’s General Price Level

Shu Sen Gui; Hai Lin Mu; Nan Li

doi:10.4028/www.scientific.net/AMR.347-353.3836

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Optical Fiber Remote Multiplexed Sensing System of Methane and its Application in Clean Development Mechanism
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HomeAdvanced Materials ResearchAdvanced Materials Research Vols. 347-353Study on Effect of Oil Price Rising on China’s...

Study on Effect of Oil Price Rising on China’s General Price Level

Abstract:

This paper analyzes and evaluates the oil price change on effects of China’s general price level and economic sectors’ price level by adopting the input-output price model and input-output of China in 2007. In the case of oil price rise 100%: Compare with the results over the years show that oil price impact on the whole society increased year by year, and the rate of increase present accelerated tendency; Compare with the other energy sector, the impact of oil prices level is generally lower than the price of electricity and heat levels.

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Periodical:

Advanced Materials Research (Volumes 347-353)

Pages:

3836-3841

DOI:

https://doi.org/10.4028/www.scientific.net/AMR.347-353.3836

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Online since:

October 2011

Authors:

Shu Sen Gui, Hai Lin Mu, Nan Li

Keywords:

General Price Level, Input-Output Price Model, Oil Price

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