Zhang, Bing; Wang, Peijie - In: Economic Modelling 42 (2014) C, pp. 413-420
We examine return and volatility spillovers between China and world oil markets. This topic is of great importance … because China is the world's second-largest oil importer and has exhibited substantial growth in oil consumption. Extending … China and world oil markets are bi-directional and asymmetric. The Chinese oil market is highly affected by world oil …