Study on Effect of Oil Price Rising on China’s General Price Level
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.
Weiguo Pan, Jianxing Ren and Yongguang Li
S. S. Gui et al., "Study on Effect of Oil Price Rising on China’s General Price Level", Advanced Materials Research, Vols. 347-353, pp. 3836-3841, 2012