Divisia Decomposition Method and Its Application to Changes of Net Oil Import Intensity
- 期刊名字:天津大學(xué)學(xué)報(bào)(英文版)
- 文件大小:
- 論文作者:廖華,徐照祎,王策
- 作者單位:
- 更新時(shí)間:2023-02-01
- 下載次數(shù):次
The existing oil import dependence index cannot exactly measure the economic cost or scales, and it is difficult to describe the economical aspect of oil security. To measure the foreign dependence of one country’s econ-omy and reflect its oil economic security, this paper defines the net oil import intensity as the ratio of net oil import cost to GDP. By using Divisia Index Decomposition, the change of net oil import intensity in five industrialized coun-tries and five newly industrialized countries during 1971-2010 is decomposed into five factors:oil price, oil intensity, oil self-sufficiency, domestic price level and exchange rate. The result shows that the dominating factors are oil price and oil intensity;moreover, the newly industrialized countries have higher net oil import intensity than industrialized countries.
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