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Are oil products overpriced in China? An evaluation of the oil pricing mechanism in China

by Pan, Hengjie

Abstract

This paper uses a panel dataset of a series of variables to evaluate the Chinese oil pricing mechanism and attempts to find out what variables are determinants for price revising, given the wide complaints about the unaffordability for oil products in China. Most of the explanatory variables are proved by previous scholars to be more or less influential to the fluctuations of oil prices in several oil markets. By running a regression model, we conclude that large domestic demand, changes in the international crude oil market and rapid growth of vehicles in China are statistically significant to the high gasoline price in China.

Note

The author has given permission for this work to be deposited in the Digital Archive of Colorado College.

Colorado College Honor Code upheld.

Includes bibliographical references.

Administrative Notes

The author has given permission for this work to be deposited in the Digital Archive of Colorado College.

Colorado College Honor Code upheld.

Copyright
Copyright restrictions apply.
Publisher
Colorado College
PID
coccc:10927
Digital Origin
born digital
Extent
24 pages : illustrations
Thesis
Senior Thesis -- Colorado College
Thesis Advisor
Johnson, Daniel
Department/Program
Department of Economics and Business
Degree Name
bachelor
Degree Type
B.A.
Degree Grantor
Colorado College
Date Issued
2015-05