International Journal of Social Science & Economic Research
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Title:
THE INTERACTIVE RELATIONSHIP BETWEEN BANK CREDIT AND COAL PRICE FLUCTUATIONS

Authors:
Shao Jiatong

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Shao Jiatong
College of Economics and Management, Nanjing University of Aeronautics and Astronautics, Nanjing, Jiangsu, 211106, P. R. China

MLA 8
Jiatong, Shao. "THE INTERACTIVE RELATIONSHIP BETWEEN BANK CREDIT AND COAL PRICE FLUCTUATIONS." Int. j. of Social Science and Economic Research, vol. 3, no. 10, Oct. 2018, pp. 5567-5585, ijsser.org/more2018.php?id=389. Accessed Oct. 2018.
APA
Jiatong, S. (2018, October). THE INTERACTIVE RELATIONSHIP BETWEEN BANK CREDIT AND COAL PRICE FLUCTUATIONS. Int. j. of Social Science and Economic Research, 3(10), 5567-5585. Retrieved from ijsser.org/more2018.php?id=389
Chicago
Jiatong, Shao. "THE INTERACTIVE RELATIONSHIP BETWEEN BANK CREDIT AND COAL PRICE FLUCTUATIONS." Int. j. of Social Science and Economic Research 3, no. 10 (October 2018), 5567-5585. Accessed October, 2018. ijsser.org/more2018.php?id=389.

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Abstract:
This article chooses quarterly data of national coal products and commodity retail price index, domestic loans of the coal industry and coal output. The data range is 2004 to 2014. By establishing cointegration regression model, we explore and explain the interactive relationship between them in the long term. And by establishing VAR model, we explain the interactive relationship in the short term. The empirical analysis shows that there is a long-term equilibrium relationship between coal price fluctuations, bank credit and coal output. But in the short term, the relationship between them is not significant. So if we want to adjust coal prices through the supply of bank credit, the effects may not be so obvious. Finally, the paper puts forward a series of reasonable suggestions on the adjustments of relations between coal prices and the supply of bank credit.