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Empirical Study of Dependence Structure between Oil Market and Chinese Stock Market

Abstract

石油作为一种重要的战略物资,对世界经济发展具有重要意义。纵观油价波动的历史,不难发现油价剧烈波动与世界经济和金融体系的波动之间存在一种互动关系。在经济全球化和金融市场一体化的背景下,这种互动关系变得更加紧密。中国经济正处于快速发展阶段,对石油的需求日益增大。随着中国对石油依赖程度的提高,石油市场和油价的波动都将对中国的经济产生越来越大的影响,作为中国金融体系中的重要组成部分,中国股票市场不可避免地也会受到油价波动的影响。在此背景下,探讨石油市场与中国股票市场之间的相关关系有助于理解能源价格对国家经济金融活动的影响,对在两个市场间进行有效的投资以及相应的风险管理都有着非常重要的指导意义。 本文...Oil, as an important strategic material, plays an important role in the growth of the world economy. Throughout the history of fluctuations in oil prices, there exists an interactive relationship between oil market and the world economy, financial system. Since China has become the world's second-largest oil consumer, oil price fluctuations inevitably do affect Chinese economy. As a very important...学位:经济学硕士院系专业:王亚南经济研究院_金融学(含保险学)学号:2772010115266

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