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Modeling on oil-importing risk under risk correlation

  • Wan He*
  • , Xiaolei Sun
  • , Ling Tang
  • , Jianping Li
  • *Corresponding author for this work
  • School of Economics
  • CAS - Institutes of Science and Development
  • University of Chinese Academy of Sciences

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

Abstract

As the world economic power and military strength change, a new round of contention for energy has started. What will be the sticking point is whether China can access to adequate oil resources safely in the new redistribution of energy resources which may impact China's oil imports and energy supply in the future. Based on the Herfindahl-Hirschman Index, in this paper we propose an improved methodology applicable to evaluating the country risk that oilimporting countries face. The OICR index for the world' s major oil-importing countries against 17 major oil-producing countries is calculated and analyzed, and then some suggestions about China's oil importing strategy are given.

Original languageEnglish
Title of host publicationProceedings of the 2009 International Joint Conference on Computational Sciences and Optimization, CSO 2009
Pages434-438
Number of pages5
DOIs
StatePublished - 2009
Externally publishedYes
Event2009 International Joint Conference on Computational Sciences and Optimization, CSO 2009 - Sanya, Hainan, China
Duration: 24 Apr 200926 Apr 2009

Publication series

NameProceedings of the 2009 International Joint Conference on Computational Sciences and Optimization, CSO 2009
Volume2

Conference

Conference2009 International Joint Conference on Computational Sciences and Optimization, CSO 2009
Country/TerritoryChina
CitySanya, Hainan
Period24/04/0926/04/09

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