Tang, Weiqi; Wu, Libo; Zhang, ZhongXiang - Volkswirtschaftliche Fakultät, … - 2009
economies. However, there has been a lack of empirical study of this kind on China and other developing countries. This paper … attempts to fill this gap by answering how and to what extent oil-price shocks impact China’s economy, emphasizing on the price …-price increase negatively affects output and investment, but positively affects inflation rate and interest rate. However, with the …