The Impact of Oil Price Fluctuations on Consumption, Output, and Investment in China’s Industrial Sectors

The Impact of Oil Price Fluctuations on Consumption, Output, and Investment in China’s Industrial Sectors

This paper aims to simulate and evaluate the impacts of increases and decreases in oil price on industrial sectors in China. We develop an oil-economy computable general equilibrium (OE-CGE) model with crude oil as an important factor in production. The transmission mechanism of crude oil price swin...

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Bibliographic Details
Main Authors: Zhaoyong Sun, Xinyu Cai, Wei-Chiao Huang
Format: Article
Language:English
Published: MDPI AG 2022-05-01
Series:Energies
Subjects:
crude oil price
industrial sectors
CGE model
Online Access:https://www.mdpi.com/1996-1073/15/9/3411

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