Relationships among the Oil Consumptions in China, Japan and India

DOI

10.2991/icassr.2013.74How to use a DOI?

Keywords

oil, consumption, regional relationship

Abstract

Previous studies have focused on the analysis of energy consumption within a given country or a region. The paper aims to examine the short-run and/or long-run cross-regional relationships among the oil consumptions in China, Japan and India. These three countries are geographically close. I introduce the yearly time series of oil consumption for the 1965 to 2010 period. I tested for unit root, break date and Granger causality. I did not find any break dates in the data. I found that the oil use variables for these three countries had various unit root properties, which imply that they were impossibly co integrated. The pronounced differences of economy, politics, and population and energy sources across the countries may lead to no co integration. However, using the Toda-Yamamoto technique, I found that the oil consumption in either China or India Granger caused that of Japan. Oil consumption in India Granger caused that of China. Therefore, foreign oil consumption could be a predictive factor when one analyse China’s short-run oil consumption changes.

Copyright

© 2013, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Gao Lu Zou
PY  - 2013/08
DA  - 2013/08
TI  - Relationships among the Oil Consumptions in China, Japan and India
BT  - Proceedings of the 2013 International Conference on Applied Social Science Research (ICASSR-2013)
PB  - Atlantis Press
SP  - 293
EP  - 295
SN  - 1951-6851
UR  - https://doi.org/10.2991/icassr.2013.74
DO  - 10.2991/icassr.2013.74
ID  - Zou2013/08
ER  -