【内容简介】

We investigate the impactsthat oil price shocks have upon residential consumption in China. While it iswell understood that oil prices affect consumption in a multitude of ways, thetiming and directness of these effects upon specific consumption categories isnot. We demonstrate that the most immediate and direct effect passes throughtransport consumption, as might be expected, but also that significant effectspass through other sectors with less immediacy, including ‘food and clothes’,‘medicine’, ‘education and entertainment’ and general ‘living expenditure’.