Proceedings of the 2017 3rd International Conference on Economics, Social Science, Arts, Education and Management Engineering (ESSAEME 2017)

[WITHDRAWN]Can International Crude Oil Futures Stabilize the Crude Oil Spot Price Fluctuations in China?

Authors
Yan Ge, Haixia Wu
Corresponding Author
Yan Ge
Available Online July 2017.
DOI
https://doi.org/10.2991/essaeme-17.2017.158How to use a DOI?
Keywords
Crude Oil Futures, Crude Oil Spot, Spillover Effect, Cointegration Analysis
Abstract
Based on the international crude oil futures price and the spot price of crude oil in China from January 4, 2006 to August 20, 2014, the VEC-BEKK-GARCH (1, 1) model was used to analyze the international crude oil futures prices and the crude oil Fluctuation relationship between spot prices. (1) There is a two-way causal relationship between the international crude oil futures price and the fluctuation of the spot price of crude oil in China. (2) The cointegration coefficient between the international crude oil futures price and the spot price of crude oil in China is (1, -1.0928) (3) At the same time, the international crude oil futures prices show a significant price on Chinese crude oil spot price guide function, but the contrary is not established. (3) At the same time, the international crude oil futures prices show a significant price of Chinese crude oil spot price guide function, but the contrary is not established.
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TY  - CONF
AU  - Yan Ge
AU  - Haixia Wu
PY  - 2017/07
DA  - 2017/07
TI  - [WITHDRAWN]Can International Crude Oil Futures Stabilize the Crude Oil Spot Price Fluctuations in China?
BT  - Proceedings of the 2017 3rd International Conference on Economics, Social Science, Arts, Education and Management Engineering (ESSAEME 2017)
PB  - Atlantis Press
SN  - 2352-5398
UR  - https://doi.org/10.2991/essaeme-17.2017.158
DO  - https://doi.org/10.2991/essaeme-17.2017.158
ID  - Ge2017/07
ER  -