Wu, Yimin (2025) Exploring The Relationships Between China'S Crude Oil Futures Market And Other Related Markets: New Findings. PhD thesis, Perpustakaan Hamzah Sendut.
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Abstract
This study examines the shanghai crude oil futures (scof) market, assessing its interactions with china’s new energy sectors—such as photovoltaic, energy storage, and wind power industries—and its connections with financial stock markets across asia (china, korea, japan, singapore, and india), as well as key macroeconomic indicators like inflation, money supply, and exchange rates. Using data spanning from 2000 to the most recent available, and employing econometric models including the spillover index, dcc-garch, nardl, and svar models, the analysis reveals substantial links between scof and financial markets in major oil-importing asian countries. Although scof is still influenced by international oil futures, its launch has helped moderate the relationship between global oil prices and china's industrial growth. However, spillover effects to other markets are limited, and the impact on china's macroeconomic variables remains minor. This research provides insights into scof's role in mitigating global oil price shocks and its connections within the broader financial and energy market landscape, aiding stakeholders in navigating the evolving scof market
| Item Type: | Thesis (PhD) |
|---|---|
| Subjects: | Q Science > QA Mathematics > QA1 Mathematics (General) |
| Divisions: | Pusat Pengajian Sains Matematik (School of Mathematical Sciences) > Thesis |
| Depositing User: | Mr Hasmizar Mansor |
| Date Deposited: | 18 May 2026 01:42 |
| Last Modified: | 18 May 2026 01:42 |
| URI: | http://eprints.usm.my/id/eprint/64224 |
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