Abstract
Oil is an important production resource in China’s economic growth. China has been a net-oil import country since 1993. Relying on oil imports brings risks to China’s economic growth and national security. This paper seeks to apply theory, previous literature and empirical methods to examine oil import risks’ influences on China’s economic growth. Using the growth model and data from 1986 to 2012, the results indicate that risk factors do not have direct impacts on China’s economic growth. However, some risk factors have significant impacts on China’s total petroleum consumption; and petroleum consumption has positive influences on economic growth. In other words, risk factors have indirect impacts on China’s economic growth through petroleum consumption. It is important for China to maintain oil imports and China is adopting more strategies to reduce oil import risks.
Advisor
Burnell, James
Department
Economics
Recommended Citation
Liu, Shuyuan, "Oil Import Risks, Economic Growth and National Security: a Study of Oil Import Security on China's Economic Growth" (2014). Senior Independent Study Theses. Paper 6119.
https://openworks.wooster.edu/independentstudy/6119
Disciplines
International Economics
Publication Date
2014
Degree Granted
Bachelor of Arts
Document Type
Senior Independent Study Thesis
© Copyright 2014 Shuyuan Liu