气候变化领域集成服务门户(CCPortal): Is refined oil price regulation a shock absorber for crude oil price shocks?

CCPortal

DOI	10.1016/j.enpol.2022.113369
	Is refined oil price regulation a shock absorber for crude oil price shocks?
	Zhang, Qi; Hu, Yi; Jiao, Jianbin; Wang, Shouyang
发表日期	2023
ISSN	0301-4215
EISSN	1873-6777
卷号	173 页码:15
英文摘要	This paper explores whether the government's control of refined oil prices can slow down this impact and play a shock absorber function. Adopting the SVAR model and divides the sample into two sub-samples according to the level of price regulation, it is found that the degree of price regulation of refined oil is very high before May 2009. At this time, the price regulation seriously hinders economic growth when the oil price falls. After May 2009, the degree of refined oil price control has been greatly reduced, and price control promotes the increase in industrial investment and GDP to a certain extent when oil prices rise and fall, and plays the function of shock absorber. In the post epidemic era, in the face of the current geopolitical conflict, it is necessary to continue to implement refined oil price control measures in line with China's situation in the short term, and gradually release oil price control in the long run to form a market price reflecting the relationship between supply and demand. In addition, it is necessary to improve and develop China's crude oil futures market as soon as possible and establish a modern oil circulation system.
英文关键词	Refined oil price regulation; Oil price; Asymmetries; China
学科领域	Economics; Energy & Fuels; Environmental Sciences; Environmental Studies
语种	英语
WOS研究方向	Business & Economics ; Energy & Fuels ; Environmental Sciences & Ecology
WOS记录号	WOS:000897044200003
来源期刊	ENERGY POLICY
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/272235
作者单位	Chinese Academy of Sciences; University of Chinese Academy of Sciences, CAS; Chinese Academy of Sciences; University of Chinese Academy of Sciences, CAS; Chinese Academy of Sciences; Chinese Academy of Sciences; Academy of Mathematics & System Sciences, CAS
推荐引用方式 GB/T 7714	Zhang, Qi,Hu, Yi,Jiao, Jianbin,et al. Is refined oil price regulation a shock absorber for crude oil price shocks?[J],2023,173:15.
APA	Zhang, Qi,Hu, Yi,Jiao, Jianbin,&Wang, Shouyang.(2023).Is refined oil price regulation a shock absorber for crude oil price shocks?.ENERGY POLICY,173,15.
MLA	Zhang, Qi,et al."Is refined oil price regulation a shock absorber for crude oil price shocks?".ENERGY POLICY 173(2023):15.