Study on the Impact of Oil Price Fluctuations on the Structure of Energy Consumption

Authors

  • Kaili Wu
  • Biyun Zhang
  • Xinling Xu

Keywords:

Fixed Effects; Energy Consumption Structure; Oil Prices.

Abstract

As an important disposable energy source in China, oil has an important impact on the development of China's macro economy, as well as on the daily life of clothing, food, housing and transportation. In order to explore the fluctuation of oil prices, the impact on the change of China's energy consumption structure. In this paper, we construct a fixed-effects model with provincial panel data on oil price fluctuations and energy consumption structure for 30 provinces and municipalities directly under the central government from 2008 to 2019, draw conclusions, and propose targeted opinions based on the final results to promote the transformation and upgrading of China's energy consumption structure.

References

Wu Shanshan,Shan Baoguo. Research on the impact of international oil price fluctuations on macroeconomic shocks. Price Theory and Practice,2020(04):51-55+177.

Liu Zhuochen. An analysis of the impact of international oil price fluctuations on the lives of Chinese residents. Business,2016(35):210-211.

Zheng Minzhao,Xiao Chunlai. Analysis of the impact of oil price increase on consumer price index. Journal of Northern University of Technology,2009,21(03):51-55.

WANG Luxin,Cao Yan. An introduction to the impact of energy price changes on China's industrial development*--an analysis based on input-output. Nanfang Agricultural Machinery,2019, 50(15): 21-22+26.

Chen Guangsheng. Analysis of the relationship between the price of refined oil products and energy consumption structure in China at the present stage. Journal of Economic Research,2012(28):205-207.

Chen Guangsheng. Analysis of the relationship between the price of refined oil products and energy consumption structure in China at the present stage. Journal of Economic Research,2012(28):205-207.

Wu Shanshan,Shan Baoguo. Research on the impact of international oil price fluctuations on macroeconomic shocks. Price Theory and Practice,2020(04):51-55+177.

Wu Shanshan,Shan Baoguo. Research on the impact of international oil price fluctuations on macroeconomic shocks. Price Theory and Practice,2020(04):51-55+177.

Liu Zhuochen. An analysis of the impact of international oil price fluctuations on the lives of residents in China. Business,2016(35):210-211.

Zheng Minzhao,Xiao Chunlai. Analysis of the impact of oil price increase on consumer price index. Journal of Northern University of Technology,2009,21(03):51-55.

WANG Luxin,Cao Yan. An introduction to the impact of energy price changes on China's industrial development*--an analysis based on input-output. Nanfang Agricultural Machinery,2019, 50(15): 21-22+26.

Chen Guangsheng. Analysis of the correlation between the price of refined oil products and energy consumption structure in China at the present stage. Journal of Economic Research,2012(28):205-207.

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Published

2022-11-21

How to Cite

Wu, K., Zhang, B., & Xu, X. (2022). Study on the Impact of Oil Price Fluctuations on the Structure of Energy Consumption. Frontiers in Humanities and Social Sciences, 2(11), 272–278. Retrieved from http://bcpublication.org/index.php/FHSS/article/view/2908

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Section

Articles