An event study analysis of price adjustment of refined oil and air quality in China

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dc.contributor.authorZha, Donglan
dc.contributor.authorZhao, Ting
dc.contributor.authorKavuri, Anil Savio
dc.contributor.authorWu, Fei
dc.contributor.authorWang, Qunwei
dc.date.accessioned2023-09-18T22:58:50Z
dc.date.issued2018
dc.date.updated2022-07-31T08:18:55Z
dc.description.abstractSince marketization of the refined oil price, the Chinese government has used refined oil price adjustments to control air pollution. Using an event study analysis, we examine whether these price adjustments have impacted air quality. We test the abnormal returns of 12 price adjustments between 2014 and 2015 in 51 major cities of China. The results show that the impact on air quality of refined oil price decreases is larger than the impact of oil price increases. Although results indicate air quality has deteriorated, the impact is insignificant for most of the cities. Consequently, we conclude that price suspension of refined oil has had a negligible impact on air quality. This policy is not a viable method to improve the air quality in the short run.en_AU
dc.description.sponsorshipFinancial support from the National Natural Science Foundation of China (nos. 71673134, 71573186, and 71503039), the Fundamental Research Funds for the Central Universities (nos. NE2018105, NE2017005, and NW2018002), and Philosophy and Social Science Research in Colleges and Universities in Jiangsu Province (no. 2016ZDIXM040).en_AU
dc.format.mimetypeapplication/pdfen_AU
dc.identifier.issn0944-1344en_AU
dc.identifier.urihttp://hdl.handle.net/1885/299623
dc.language.isoen_AUen_AU
dc.publisherSpringeren_AU
dc.rights© 2018 The authorsen_AU
dc.sourceEnvironmental Science and Pollution Researchen_AU
dc.subjectOil pricesen_AU
dc.subjectAir qualityen_AU
dc.subjectRate of returnen_AU
dc.subjectEvent studyen_AU
dc.titleAn event study analysis of price adjustment of refined oil and air quality in Chinaen_AU
dc.typeJournal articleen_AU
local.bibliographicCitation.issue34en_AU
local.bibliographicCitation.lastpage34246en_AU
local.bibliographicCitation.startpage34236en_AU
local.contributor.affiliationZha, Donglan, Nanjing University of Aeronautics and Astronauticsen_AU
local.contributor.affiliationZhao, Ting, Nanjing University of Aeronautics and Astronauticsen_AU
local.contributor.affiliationKavuri, Anil Savio, College of Asia and the Pacific, ANUen_AU
local.contributor.affiliationWu, Fei, Nanjing University of Aeronautics and Astronauticsen_AU
local.contributor.affiliationWang, Qunwei, Nanjing University of Aeronautics and Astronauticsen_AU
local.contributor.authoremailu5078201@anu.edu.auen_AU
local.contributor.authoruidKavuri, Anil Savio, u5078201en_AU
local.description.embargo2099-12-31
local.description.notesImported from ARIESen_AU
local.identifier.absfor380105 - Environment and resource economicsen_AU
local.identifier.ariespublicationu3102795xPUB361en_AU
local.identifier.citationvolume25en_AU
local.identifier.doi10.1007/s11356-018-3374-3en_AU
local.identifier.scopusID2-s2.0-85054671741
local.identifier.thomsonIDWOS:000451954700037
local.identifier.uidSubmittedByu3102795en_AU
local.publisher.urlhttps://link.springer.com/en_AU
local.type.statusPublished Versionen_AU

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