oil price fluctuations and oil consuming sectors: an empirical analysis of japan

8/20/2019 Oil Price Fluctuations and Oil Consuming Sectors: An Empirical Analysis of Japan

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OH@E [jrneak Yopmr \mrems

Jed Yrelm Gdultuotejas oah Jed Ljasubeak \mltjrs3

Oa Mbperelod Oaodys es jg Copoa

Gorfoh Xokfezohmf-Fmsory,Mfsoa Posjdeamzfoh, oah Ujsfenozu Nj`oyosfe

Aj. =


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Xfm [jrneak Yopmr smrems es o ljateauoteja jg tfm gjrbmrdy aobmh Heslusseja Yopmr smrems>tfm aub`mreak jg tfm popmrs ljateaumh wetfjut eatmrrupteja jr lfoakm. OH@E―s wjrneakpopmrs rmgdmlt eaeteod ehmos ja o tjpel oah orm pjstmh jadeam gjr heslusseja. OH@E maljurokmsrmohmrs tj pjst tfmer ljbbmats ja tfm boea pokm gjr molf wjrneak popmr (kevma ea tfmletoteja `mdjw). \jbm wjrneak popmrs boy hmvmdjp eatj jtfmr gjrbs jg pu`deloteja.

\ukkmstmh letoteja3

Xokfezohmf-Fmsory, G., M. Posjdeamzfoh, oah U. Njòyosfe. 09?=. Jed Yrelm Gdultuotejasoah Jed Ljasubeak \mltjrs3 Oa Mbperelod Oaodyses jg Copoa. OH@E [jrneak Yopmr = mrosjdeamcohIkboed.ljb> y.njòyosfeItny.emmc.jr.cp

Gorfoh Xokfezohmf-Fmsory es Ossestoat Yrjgmssjr jg Mljajbels ot Nmej ]aevmrsety,Xjnyj. Lurrmatdy, fm es odsj o rmsmorlf ossestoat tj tfm Hmoa jg tfm Oseoa Hmvmdjpbmat@oan Eastetutm oah o veseteak slfjdor ot tfm Lrmhet Pesn Hotoòsm (LPH) Ossjleoteja jgCopoa.

Mfsoa Posjdeamzfoh es o YfH loahehotm ot \oeat Ymtmrsùrk \totm ]aevmrsety.

Ujsfenozu Njòyosfe es \maejr Mljajbest oah Boaokmr, ot tfm Eastetutm jg MamrkyMljajbels, Copoa.

Xfm vemws mxprmssmh ea tfes popmr orm tfm vemws jg tfm outfjrs oah hj ajt amlmssoredyrmgdmlt tfm vemws jr pjdelems jg OH@E, OH@, ets @jorh jg Hermltjrs, jr tfm kjvmrabmatstfmy rmprmsmat. OH@E hjms ajt kuoroatmm tfm olluroly jg tfm hoto ealduhmh ea tfes popmroah ollmpts aj rmspjaseèdety gjr oay ljasmqumalms jg tfmer usm. Xmrbeajdjky usmh boyajt amlmssoredy `m ljasestmat wetf OH@ jggeleod tmrbs.

[jrneak popmrs orm su`cmlt tj gjrbod rmveseja oah ljrrmlteja `mgjrm tfmy orm geaodezmhoah ljasehmrmh pu`desfmh.

Oseoa Hmvmdjpbmat @oan Eastetutm

Nosubekosmne @uedheak 6G


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OH@E [jrneak Yopmr =


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OH@E [jrneak Yopmr = Xokfezohmf-Fmsory mt od. (09?=), Ujsfeaj oah Xokfezohmf-Fmsory ^09?=oR.

Fjwmvmr, tfm rmspjasm jg odd mljajbel smltjrs ea o ljuatry tj jed prelm gdultuotejas bekft ajt `m

tfm sobm. Ea tfes rmsmorlf wm wedd hmtmrbeam wfelf mljajbel smltjrs orm bjrm smasetevm tj jedprelm vjdotedety. Xfm pjdely ebpdelotejas jg tfes popmr wedd `m `mamgeleod ea fmdpeak mamrky pjdelybonmrs tj prjtmlt tfjsm smltjrs wetf fekfmr smasetevety. Xfma, eg oajtfmr sforp jed prelm ealrmosmjllurs, tfm ehmategemh smltjrs oah tfm wfjdm mljajby loa `m sfemdhmh grjb tfm amkotevm ebpoltsjg tfm sfjln.

Ea tfes survmy, wm ljasehmr Copoa os jur losm stuhy. Copoa es o ljuatry tfot es odbjst guddyhmpmahmat ja mamrky ebpjrts. Ea Borlf 09??, o hmvostoteak mortfquonm oah Xsuaobe fetmostmra Copoa oah hobokmh tfm auldmor pjwmr pdoat ea Gunusfebo. Xfes hesostmr dmh tj tfmsfuthjwa jg odd auldmor pjwmr pdoats hum tj tfm doln jg kjvmrabmat sogmty opprjvods. Copoarmpdolmh tfes sekaegeloat djss jg auldmor pjwmr wetf mamrky kmamrotmh grjb ebpjrtmh aoturod kos,djw-sudgur lruhm jed, gumd jed, oah ljod. @osmh ja tfm ebpjrtoalm jg jed gjr Copoa, wm lfjsm tjgjlus ja et ea tfes survmy. Ea tfes popmr, wm eavmstekotm tfm mggmlts jg jed prelm gdultuotejas ja tfm

jed ljasubeak mljajbel smltjrs jg Copoa useak quortmrdy hoto grjb _? ?559 tj _? 09?8tfrjukf oa outjrmkrmsseja opprjolf. Jur rmsmorlf qumstejas orm tfm gjddjweak3 e) Ljasehmreaktfm amw mamrky-rmdotmh tmlfajdjkems oah mamrky rmsjurlms, oah kjvmrabmat-boahotmh mamrkymggelemaly torkmts, hj mljajbel belrj smltjrs stedd rmolt tj jed prelm bjvmbmats: ee) Eg tfm oaswmres yms, orm tfm rmspjasms jg odd mljajbel smltjrs tj jed prelm ebpudsms jg tfm sobm slodm: [felfsmltjrs sfjw fekfmr smasetevetems:

Xfes popmr es strulturmh os gjddjws. Xfm amxt smlteja wedd prjvehm oa jvmrvemw jg mamrkyljasubpteja ea Copoa. \mlteja < prjvehms tfm hoto oaodyses. \mlteja 8 prmsmats tfm mbperelodoaodyses, oah tfm geaod \mlteja = prmsmats tfm ljalduheak rmborns.

0. JWMPWEM[ JG MAMPKU LJA\]BYXEJA EA COYOACopoa es jam jg tfm wjrdh dorkmst mamrky ljasubmrs. Et es tfm wjrdh―s dorkmst dequmgemh aoturodkos (DAK) ebpjrtmr, tfm smljah-dorkmst ljod ebpjrtmr, oah tfm tferh-dorkmst amt jed ebpjrtmr.Hjbmstel mamrky sjurlms ea Copoa bmmt dmss tfoa ?=% jg ets jwa tjtod prebory mamrky usm.

Gekurm ? sfjws tfm sforms jg heggmrmat mamrky sjurlms ea tfm Copoamsm mamrky `osnmt hureakCoauory ?558“Cuam 09?8.


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oil price fluctuations and oil consuming sectors: an empirical analysis of japan

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