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  • Thumbnail for Are oil products overpriced in China? An evaluation of the oil pricing mechanism in China
    Are oil products overpriced in China? An evaluation of the oil pricing mechanism in China by Pan, Hengjie

    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.