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Frontiers of Economics in China

ISSN 1673-3444

ISSN 1673-3568(Online)

CN 11-5744/F

Postal Subscription Code 80-978

Front. Econ. China    2010, Vol. 5 Issue (1) : 96-113
Research articles |
A CGE Analysis of Oil Price Change
Meng Li ,
College of Economics, Shenzhen University, Shenzhen 518060, China;
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Abstract As Chinese economy system has been depended more on the import of petroleum with the development of China, the change in the price of international oil have caused concern among economists and policy makers. This paper is to present a financial Computable General Equilibrium (CGE) model of the Chinese economy which integrates real economy and financial sectors, and to apply it to quantitatively evaluate the impacts on Chinese economy caused by international oil price changes. And the model endogenously determines the exchange rate, covering fixed, partially flexible, and completely flexile exchange rate system to consider the effect of foreign oil price changes from the point of view of macro and industrial aspects. Finally, this paper presents concluding remarks.
Keywords oil price      CGE model      economic system      policy simulation      
Issue Date: 05 March 2010
 Cite this article:   
Meng Li. A CGE Analysis of Oil Price Change[J]. Front. Econ. China, 2010, 5(1): 96-113.
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