Analysis of Chinese Oil Demand

Abstract

[[abstract]]By implementing the parametric and nonparametric quantile regression method, we find cubic form relationship between oil consumption growth rate and regional GDP growth rate. Moreover, the higher GDP growth rate results in more diesel and gasoline consumption, while less fuel oil consumption in China, which indicating the increasing consumption of transportation fuels verifies the trend of more motor vehicle population in China. This trend is more likely to push up the diesel and gasoline price in the world.[[sponsorship]]世新大學經濟系[[conferencetype]]國內[[conferencedate]]20081004~20081004[[booktype]]紙本[[iscallforpapers]]Y[[conferencelocation]]臺北市, 臺