An empirical study on the effect of oil shocks on China´s industrial economy

Oil is extensive involved in industry chain, it is obvious that the oil price shocks could affect all aspects of our production and life through the industry-chains´ transmission. Based on the nature of the shocks, we would decompose them into four different types, analyze the transmission mechanisms on some typical industries which in Chinese industry-chain. According to the researches about the influences on typical industries brought by these different shocks, we could find that: because of the various transformation or transference abilities of oil price on industry-chain, different industries in the chain would encounter different impacts; especially the supply oil shocks on the typical sectors are greater than others.