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Construction of China’s nominal energy condition index

Caiquan Bai (School of Science, Nanchang University, Nanchang, China)
Yiqing He (School of Economics and Management, Nanchang University, Nanchang, China and Finance and Securities Research Institute, Nanchang University, Nanchang, China)
Decai Zhou (School of Economics and Management, Nanchang University, Nanchang, China)
Yi Zhang (School of Economics and Management, Nanchang University, Nanchang, China)
Zhengyi Jiang (School of Economics and Management, Nanchang University, Nanchang, China)

International Journal of Energy Sector Management

ISSN: 1750-6220

Article publication date: 7 September 2015

265

Abstract

Purpose

The paper aims to know about energy condition’s impacts on inflation comprehensively.

Design/methodology/approach

This paper constructs China’s energy condition index (ECI) by bringing in three variables (China’s energy price, consumption and production) based on the financial condition index.

Findings

The result of empirical analysis shows that the index can predict China’s inflation well.

Originality/value

China’s ECI can predict China’s inflation well.

Keywords

Acknowledgements

This study was sponsored by Natural Science Foundation of China “Study on the Financial Agglomeration Factor Flow and Regional Economy Spatial Discrepancy and Convergence Evolution Simulation: Based on the Perspective of Ecological Efficiency (Project Number: 71263039) ” and “Study on The Spatial Coupling Development Model and Optimizing Strategy of Ecology Capital, Ecology Economy and Financial Ecology in Poyang Lake Area (Project Number: 71063015)”.

Citation

Bai, C., He, Y., Zhou, D., Zhang, Y. and Jiang, Z. (2015), "Construction of China’s nominal energy condition index", International Journal of Energy Sector Management, Vol. 9 No. 3, pp. 311-322. https://doi.org/10.1108/IJESM-05-2013-0012

Publisher

:

Emerald Group Publishing Limited

Copyright © 2015, Emerald Group Publishing Limited

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