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Competitiveness of the Chinese Economy and its Link to the Global Energy Prices Development

Author

Listed:
  • Peter Bal z

    (University of Economics in Bratislava, Faculty of Commerce, International Trade Department, Slovakia)

  • Luk Harv nek

    (University of Economics in Bratislava, Faculty of Commerce, International Trade Department, Slovakia)

Abstract

The article analyses the relationship between competitiveness of the Chinese economy and the prices of energy resources. Based on theoretical framework of the most important economists and international organizations in the field of research, the authors analyze statistical data concerning Chinese competitiveness embodied in real effective exchange rate and oil, natural gas and coal global prices using basic correlation and regression analysis and advanced quantitative methods (Granger causality test, cointegration analysis). Secondly, the authors choose the producer prices index as next indicator of competitiveness of the Chinese producers, as the one of the key inputs determining final selling prices are prices of energy carriers. By comparing these two indicators to global energy prices reflected by indexes or in real prices, the authors analyse to what extent these indicators affect each other and what are the ultimate implications for competitiveness of the Chinese economy

Suggested Citation

  • Peter Bal z & Luk Harv nek, 2016. "Competitiveness of the Chinese Economy and its Link to the Global Energy Prices Development," International Journal of Energy Economics and Policy, Econjournals, vol. 6(2), pages 305-317.
    • Handle: RePEc:eco:journ2:2016-02-19
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    Chinese Economy; Competitiveness; Energy Resources; Energy Prices;
    All these keywords.

    JEL classification:

    • F11 - International Economics - - Trade - - - Neoclassical Models of Trade
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F15 - International Economics - - Trade - - - Economic Integration

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