Tang, Weiqi; Wu, Libo; Zhang, ZhongXiang - 2009
A considerable body of economic literature shows the adverse economic impacts of oil-price shocks for the developed … attempts to fill this gap by answering how and to what extent oil-price shocks impact China’s economy, emphasizing on the price … transmission mechanisms. To that end, we develop a structural vector auto-regressive model. Our results show that an oil-price …