Based on the complex system theory, this paper extends the current notion of the Energy-Economy-Environment (3E) model and establishes a theoretical framework for the Society-Economy-Energy-Environment-Technology (SE³T) complex system. The components and structure of SE³T are described, as...

Crude oil price has an important effect on national economic production and safety-stock. In this paper, we analysed the trends of Chinese and international crude oil prices and their fluctuations by testing the Granger causality and the dynamic effects to its counterpart. Results show that from...

Many studies, as well as historical events, indicate that oil price shocks affect the macro economy of a country. In this paper we build a Chinese Computable General Equilibrium (CGE) model, with which we simulate the impact on the Chinese economy of international crude oil price when it rises...