Empirical Study on International Oil Price and Oil Consumption

Feng-dan, Shi; Hu, Yuxian

doi:10.1109/icbbe.2008.319

Cited by 1 publication

(2 citation statements)

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“…The set {𝜌 𝑘 } of auto-correlation coefficients is called the auto-correlation coefficient of 𝑥 𝑡 . The auto-correlation coefficient can be expressed as (9). PACF of stationary time series is a function of ACF, and the expression of PACF is (10).…”

Section: Impulse and Responsementioning

confidence: 99%

“…Shi Hongyu in the research is expected to maintain high international oil prices in June wide fluctuations. The fundamentals of the world oil market are still in a tight state, the west continues to push forward the sanctions on Russian oil will still constitute an important support for oil prices [9]. Li Xiao thinks the Russia-Ukraine conflict makes the world economy face the risk of falling into stagflation again.…”

Section: Introductionmentioning

confidence: 99%

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The Impact of Changes in Crude Oil price on the Yield and Volatility of Manufacturing: Evidence from the US and China

Zhang

2023

AEMPS

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This study is based on the data of WTI international futures crude oil price, China manufacturing Index and the United States Dow Jones Manufacturing Index from November 23, 2021 to June 16, 2022. This paper uses VAR and ARMA-GARCH models to analyze the changes in yield and volatility of manufacturing in the US and China. The results show that the change of crude oil price under the situation of Russia-Ukraine conflict has a negative effect on the return rate of manufacturing industry in China and the United States, but the impact on the return rate of manufacturing industry in China is greater than that of Dow Jones, and the impact on the return rate of manufacturing industry in the United States will gradually disappear as time goes by. In order to reduce the adverse impact of oil price fluctuations on manufacturing industry, this study puts forward some suggestions, such as adopting diversified ways of oil import and export trade and actively developing and utilizing other energy sources.

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Section: Impulse and Responsementioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%