Proceedings of the International Conference on Logistics, Engineering, Management and Computer Science

Research On Oil Price’s Influential Factors and The Dynamic Relationship Among Them

Authors
Xiaoman Wang
Corresponding Author
Xiaoman Wang
Available Online July 2015.
DOI
10.2991/lemcs-15.2015.345How to use a DOI?
Keywords
Oil price; Economic growth rate of China; US dollar index; SVAR; Granger causality test
Abstract

In order to clarify the oil price’s fluctuation phenomenon in the long term, researchers construct SVAR model with these five factors - aggregate supply of crude oil, economic growth rate of China, American commercial inventory for crude oil, US dollar index, and financial speculation ratio. The result shows that the economic growth rate of China, US dollar index, and aggregate supply of crude oil are significant in long term. There is bidirectional granger causality relationship between the Chinese economic growth rate and oil price. The US dollar index is the granger cause of China’s economic growth rate. Consequently, it is so pressing for China to achieve the security of both energy and economy. The contribution of this paper is taking the Chinese economic growth rate as a dependent factor.

Copyright
© 2015, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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Volume Title
Proceedings of the International Conference on Logistics, Engineering, Management and Computer Science
Series
Advances in Intelligent Systems Research
Publication Date
July 2015
ISBN
978-94-6252-102-5
ISSN
1951-6851
DOI
10.2991/lemcs-15.2015.345How to use a DOI?
Copyright
© 2015, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Cite this article

TY  - CONF
AU  - Xiaoman Wang
PY  - 2015/07
DA  - 2015/07
TI  - Research On Oil Price’s Influential Factors and The Dynamic Relationship Among Them
BT  - Proceedings of the International Conference on Logistics, Engineering, Management and Computer Science
PB  - Atlantis Press
SP  - 1706
EP  - 1709
SN  - 1951-6851
UR  - https://doi.org/10.2991/lemcs-15.2015.345
DO  - 10.2991/lemcs-15.2015.345
ID  - Wang2015/07
ER  -