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Economic Impacts of Oil Price Fluctuations in Developed and Emerging Economies

机译:发达和新兴经济体中油价波动的经济影响

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This paper assesses the impact of crude oil price movements on two macro-variables, GDP growth rate and the CPI inflation rate, in three countries: the US and Japan (developed economies) and China (emerging economy). These countries were chosen for this research because they are the world's three largest oil consumers. The main objective of this research is to see whether these economies are still reactive to oil price movements. The results obtained suggest that the impact of oil price fluctuations on developed oil importers' GDP growth is much milder than on the GDP growth of an emerging economy. On the other hand, however, the impact of oil price fluctuations on China's inflation rate was found to be milder than in the two developed countries that were examined.
机译:本文评估了三个国家(美国和日本(发达经济体)和中国(新兴经济体))中原油价格走势对两个宏观变量的影响,即GDP增长率和CPI通胀率。之所以选择这些国家,是因为它们是世界三大石油消费国。这项研究的主要目的是看这些经济体是否仍对石油价格走势起反应。获得的结果表明,石油价格波动对发达石油进口国GDP增长的影响要比对新兴经济体GDP增长的影响要小得多。但是,另一方面,发现油价波动对中国通货膨胀率的影响要比被研究的两个发达国家温和。

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