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The Statistical Analys On Impaction Of International Crude Oil Prices Fluctuations Over Xinjiang Oil Industry

Posted on:2013-05-02Degree:MasterType:Thesis
Country:ChinaCandidate:X Y TangFull Text:PDF
GTID:2249330362965048Subject:Statistics
Abstract/Summary:PDF Full Text Request
In recent years, The international oil prices fluctuate frequently(Especially greatlyincreasing), produced a degree of effection to the xinjiang oil industry benefits, Xinjiang, asChina’s important energy supply area,which development or not, affects the xinjiang and theeconomic development of Chinese entities.Therefore, to explore the international oil priceson the influence of the oil industry in xinjiang with strong practical significance.About the research methods, the writer uses the input-output model to quantificat thePrice transmission mechanism which cased by international oil price changes the price of oilindustry in xinjiang within, combins Asymmetric specification method and distributionmodel to research international lag in oil prices on the oil industry dynamic lag effect, Andthe higher oil prices drop in oil industry or the asymmetry of influence. For this, this paper intwo aspects: not think of asymmetry and consider the asymmetry to discusse international oilprices on the three oil industry department of xinjiang dynamic effects. Conclusions are asfollows:First of all, Xinjiang oil industry has high crude oil consumption elasticity, and in theimportant position of the xinjiang economic development, Domestic and foreign oilconsumption the big interdependency to xinjiang’s.Secondly, without considering the asymmetrical influence,when the International crudeoil prices go up1%, the price affect between xinjiang oil industry three departments orderedby the larger degree to smaller is:Oil and mining industry (0.9997%)> oil processing industry(0.20994%)> oil marketing MVP (0.02392%),This to say the price conduction existing"industry differences";And the Passing Mechanism is:The international oil pricefluctuationâ†'Xinjiang crude oil prices fluctuationâ†'Oil and mining industry products’ pricefluctuationâ†'Oil processing products’ price fluctuationâ†'Oil automate price fluctuation, thatis to say Crude oil price fluctuations in xinjiang transmit down the oil industry chain, andgradually diminishing.Thirdly, The international oil price fluctuations on the oil industry to xinjiang directionexisting asymmetric effects,and exist profession asymmetric effects.(1)Rising oil pricesstimulute to xinjiang oil and mining industry, dropping Oil prices has negative inhibition,and there is a lag effect.(2)the rising International crude oil prices produced negativeinfluence on oil processing industry’s benefit, and oil prices falling have positive affects.(3) International crude oil prices produce significant influence on oil marketing MVP,and thelagphase is five months, but the multiplier effect isn’t significant when it gets down (.4)Theoil industry to xinjiang boosting employment is not significant, and international oil prices onthe oil industry employment effect is not obvious.Finally, Based Upon theory and empirical analysis, put out countermeasures andSuggestions to response to the higher oil prices: Realize the industrialization of scientificresearch achievements by improving energy efficiency; Promoting the oil industry systemreform to accelerate the industrial transformation and upgrade; reformming Oil prices systemand the government regulating function; Deepening the reform of the financial system, toestablish oil reserves, and so on.
Keywords/Search Tags:International crude oil prices, petroleum industry, Asymmetric impact, Xinjiang
PDF Full Text Request
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