Is China's Corn Price Related to International Crude Oil Price?

被引：0

作者：

Kong, W. S. ^{[1
]}

Ma, J. L. ^{[2
]}

机构：

[1] China Acad Agr Sci, Inst Agr Econ & Dev, Beijing, Peoples R China

[2] China Agr Univ, Coll Econ & Management, Beijing 100094, Peoples R China

来源：

PROCEEDINGS OF THE 2015 INTERNATIONAL CONFERENCE ON SOCIAL SCIENCE, EDUCATION MANAGEMENT AND SPORTS EDUCATION | 2015年 / 39卷

关键词：

China; corn; Crude oil; Price; Time series;

D O I：

暂无

中图分类号：

G40 [教育学];

学科分类号：

040101 ; 120403 ;

摘要：

This paper investigates the relationships between China's corn price and international crude oil price using time series technical methods, we find that, (1) There are mutual Granger Causalities between China's corn price and international crude oil price; (2) China corn price can be positively influenced by last period's corn price and international crude oil price, but the international crude oil price is only effected by its last period price;(3) A unit shock (innovation) in international crude oil prices will give an inverse "U" shape effect on China corn;(4) Before 2009, China's corn price and international crude oil price are not cointegration, but after that, China's corn price have a salient cointegration relationships with international crude oil price; (4) We predict that China corn price will slightly decrease, and international crude oil price will increase mildly in the future. Policies to evade international crude oil shock on China's corn price are proposed.

引用

页码：767 / 770

页数：4