What determines China's crude oil importing trade patterns? Empirical evidences from 55 countries between 1992 and 2015
Han Qiao and
Energy Policy, 2017, vol. 109, issue C, 854-862
This study develops a conceptual framework that synthesizes the supply, demand, price, and openness of crude oil trade, along with a list of traditional economic, political, and geographical factors to investigate the determinants of crude oil imports in emerging markets. We test the framework using China's crude oil imports from 55 countries for the period from 1992 to 2015. Using both static and dynamic panel data models, we find that China's crude oil import is associated with exporting country's supply, demand, and price as well as its bilateral trade relationships. These factors were found to affect China's import of crude oil from the Middle East. However, only bilateral trade relationships affect its imports of crude oil from the Asia-Pacific. Furthermore, we do not find substantial evidence in this research to indicate that China's direct investment increases crude oil imports from those countries.
Keywords: Crude oil import; Regional pattern; Oil exporter; Influencing factor (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3) Track citations by RSS feed
Downloads: (external link)
Full text for ScienceDirect subscribers only
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:eee:enepol:v:109:y:2017:i:c:p:854-862
Access Statistics for this article
Energy Policy is currently edited by N. France
More articles in Energy Policy from Elsevier
Bibliographic data for series maintained by Haili He ().