Divisia decomposition method and its application to changes of net oil import intensity
Hua Liao (),
Zhao-Yi Xu and
Ce Wang ()
No 55, CEEP-BIT Working Papers from Center for Energy and Environmental Policy Research (CEEP), Beijing Institute of Technology
The existing oil import dependence index cannot exactly measure the economic cost or scales, and it is difficult to describe the economical aspect of oil security. To measure the foreign dependence of one country's economy and reflect its oil economic security, this paper defines the net oil import intensity as the ratio of net import cost to GDP. By using Divisia Index Decomposition, the change of net oil import intensity in five industrialized countries and five newly industrialized countries during 1971¡ª2010 is decomposed into five factors: oil price, oil intensity, oil self-sufficiency, domestic price level and exchange rate. The result shows that the dominating factors are oil price and oil intensity; moreover, the newly industrialized countries have higher net oil import intensity than industrialized countries.
Keywords: net oil import intensity; Divisia index; decomposition method (search for similar items in EconPapers)
JEL-codes: Q40 (search for similar items in EconPapers)
Pages: 14 pages
New Economics Papers: this item is included in nep-ene and nep-int
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Published in Transactions of Tianjin University.
Downloads: (external link)
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:biw:wpaper:55
Access Statistics for this paper
More papers in CEEP-BIT Working Papers from Center for Energy and Environmental Policy Research (CEEP), Beijing Institute of Technology Contact information at EDIRC.
Bibliographic data for series maintained by Zhi-Fu Mi ().