摘要
石油市场的产品在能源领域和经济生产生活中具有重要作用。这些石油产品之间由于同处石油产业链而相互联系,彼此的产品价格也相互影响与传导。本研究对这种石油产品间的价格传导关系和石油产品与其他金融市场的跨市场价格传导进行了综述。在石油市场的价格传导中,我们根据研究价格传导的方法、方向和传导机理的不同对所综述文献进行了分类。同时,由于石油的重要性和应用的普遍性,石油市场也与其他市场之间存在着频繁的价格传导关系。本研究按照石油市场现货与期货产品、石油市场与宏观经济市场、石油市场与股票市场以及石油市场与大宗产品市场的关系研究进行了分类。在综述过程中,我们发现:1)现有的研究具有仅仅集中在个别石油产品;2)现有的研究难以处理复杂非线性问题和缺少对传导机理研究等问题。对此本研究认为产业链分析视角和引入其他学科的分析方法是很好的研究石油产品价格传导问题的途径。
Oil market products that play a vital role in energy and economy are connected within oil industrial chain with their prices influencing and transmitting each other.This paper overviews their price transmitting relation inside oil market products and between oil market products and other financial markets.In oil market price transmission papers are classified in terms of price transmission method,direction and mechanism.Oil market has a frequent price transmission with other markets due to its importance and universality.This paper classifies the relation between oil market stocks and futures,between oil market and macroscopic economic market,stock market,and bulk commodity market.The existing research is only focused on some certain oil products and hardly deals with complicated non-linear issues with absence of transmitting mechanism.This paper presents paths to oil products price transmission from adopting industrial chain and other methods.
作者
郭燧
李华姣
GUO Sui;LI Huajiao(School of Economics and Management,China University of Geosciences,Beijing 100083,China;Key Laboratory of Resources Environmental Carrying Capacity Evaluation,the Ministry of Natural Resources,Beijing 100083,China)
出处
《资源与产业》
2020年第2期51-59,共9页
Resources & Industries
基金
国家自然科学基金(41701121)
地质矿产资源及环境调查专项(DD20190463)
国家留学基金(201806400033)。
关键词
石油产业链
价格传导
石化产品
股票市场
期货市场
oil industrial chain
price transmission
petroleum products
stocks market
futures market
