Proceedings of the 2017 9th International Economics, Management and Education Technology Conference (IEMETC 2017)

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
10.2991/iemetc-17.2017.3How 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.

Copyright
© 2017, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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Volume Title
Proceedings of the 2017 9th International Economics, Management and Education Technology Conference (IEMETC 2017)
Series
Advances in Economics, Business and Management Research
Publication Date
July 2017
ISBN
10.2991/iemetc-17.2017.3
ISSN
2352-5428
DOI
10.2991/iemetc-17.2017.3How to use a DOI?
Copyright
© 2017, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Cite this article

TY  - CONF
AU  - Yan Ge
AU  - Haixia Wu
PY  - 2017/07
DA  - 2017/07
TI  - Can International Crude Oil Futures Stabilize the Crude Oil Spot Price Fluctuations in China?
BT  - Proceedings of the 2017 9th International Economics, Management and Education Technology Conference (IEMETC 2017)
PB  - Atlantis Press
SP  - 10
EP  - 17
SN  - 2352-5428
UR  - https://doi.org/10.2991/iemetc-17.2017.3
DO  - 10.2991/iemetc-17.2017.3
ID  - Ge2017/07
ER  -