An Empirical Analysis for the Impact of Oil Price Shocks on China's Related Industries

摘要

Oil price fluctuation has a great important effect on China's micro-economy. With the rise of oil price, the production costs of related industries will rise accordingly, and then the prices of related products will also go up. The effects of oil price fluctuation on various industries are different. This article adopts input-output table and input-output model to analyze the influence of the rise of oil price on relevant industries.