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Energy prices and China’s international competitiveness

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  • Chen, Guifu
  • Hamori, Shigeyuki

Abstract

This paper uses the CCF approach to analyze and determine whether there is a causal relationship between the world energy price index and China’s international competitiveness. The data on the volatility of energy prices can provide information in addition to that available in the price data alone. Our analysis suggests that the volatility of energy prices has significant implications concerning information linkages between the energy market and China’s international competitiveness.

Suggested Citation

  • Chen, Guifu & Hamori, Shigeyuki, 2009. "Energy prices and China’s international competitiveness," MPRA Paper 18827, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:18827
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    File URL: https://mpra.ub.uni-muenchen.de/18827/1/MPRA_paper_18827.pdf
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    References listed on IDEAS

    as
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    3. François Lescaroux & Valérie Mignon, 2009. "Measuring The Effects Of Oil Prices On China'S Economy: A Factor‐Augmented Vector Autoregressive Approach," Pacific Economic Review, Wiley Blackwell, vol. 14(3), pages 410-425, August.
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    6. Cong, Rong-Gang & Wei, Yi-Ming & Jiao, Jian-Lin & Fan, Ying, 2008. "Relationships between oil price shocks and stock market: An empirical analysis from China," Energy Policy, Elsevier, vol. 36(9), pages 3544-3553, September.
    7. Shigeyuki Hamori, 2020. "Empirical Finance," JRFM, MDPI, vol. 13(1), pages 1-3, January.
    8. repec:bla:jfinan:v:44:y:1989:i:1:p:1-17 is not listed on IDEAS
    9. Bhar, Ramaprasad & Hamori, Shigeyuki, 2005. "Causality in variance and the type of traders in crude oil futures," Energy Economics, Elsevier, vol. 27(3), pages 527-539, May.
    10. Bhar, Ramaprasad & Hamori, Shigeyuki, 2008. "Information content of commodity futures prices for monetary policy," Economic Modelling, Elsevier, vol. 25(2), pages 274-283, March.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Dasgupta, Sukti. & Bhula-or, Ruttiya. & Fakthong, Tiraphap., 2015. "Earnings differentials between formal and informal employment in Thailand," ILO Working Papers 994896403402676, International Labour Organization.
    2. Moreno, Blanca & García-Álvarez, María Teresa & Ramos, Carmen & Fernández-Vázquez, Esteban, 2014. "A General Maximum Entropy Econometric approach to model industrial electricity prices in Spain: A challenge for the competitiveness," Applied Energy, Elsevier, vol. 135(C), pages 815-824.
    3. 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.

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    More about this item

    Keywords

    energy prices; international competitiveness; CCF approach; Chinese economy;
    All these keywords.

    JEL classification:

    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy

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