Earticle

초록

영어

This paper conducts VAR model to investigate the different impacts of international oil price shocks on Chinese regional economies heterogeneous in terms of economic growth and income level. The results of impulse responses analysis imply that impacts of oil price shocks on CPI-inflation are not the same across regions even though the overall result is similar with those for national economy: the positive oil price shocks first increase the CPI-inflation, and then lower the CPI-inflation. However, the different impacts are not strongly related with the types of heterogeneity under consideration. The results also show that the different impacts of positive crude oil price shocks on GDP growth have a certain correlation with regional heterogeneity: the impact on GDP growth in low-growth regions lasts longer than that in high-growth regions, and the impact of crude oil price shocks on the GDP growth of Beijing and Shanghai is strongest in the first quarter, earlier than other regions with relatively low income levels. We conclude that Chinese government aims at improving economic growth must not ignore the unique economic characteristics of each province, otherwise it may have unnecessary consequences.

목차

Abstract
Ⅰ. Introduction
Ⅱ. Theoretical considerations
Ⅲ. Empirical analysis
Ⅳ. Concluding Remarks
References
Appendices

키워드

저자

• Guimin Lu [ 국립 공주대학교 대학원 금융통상학과 박사과정 ] 제1연구자
• Soojoong Nam [ 국립 공주대학교 경제통상학부 국제통상 전공 교수 ] 교신저자

참고문헌

발행기관

간행물

표지보기 관심저널 등록

• 간행물명

  무역통상학회지 [Journal of Korea Research Association of International Commerce]

• 간기

  격월간

• pISSN

  1738-4354

• 수록기간

  2001~2025

• 등재여부

  KCI 등재

• 십진분류

  KDC 326 DDC 380