The Effects of Exchange Volatility and Increases in Crude Oil Price on Production Costs of Industries and Price Levels in Taiwan

碩士 === 朝陽科技大學 === 財務金融系碩士班 === 100 === In this study, we use an industry-related price model to investigate the impacts of exchange rate and crude oil price fluctuation on the production costs of industries and price levels in Taiwan. Suppose other things being equal where the assumption of Purchasi...

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Bibliographic Details
Main Authors: Ching-hwa Shan, 沈慶華
Other Authors: Cheng-Yih Hong
Format: Others
Language:zh-TW
Published: 2012
Online Access:http://ndltd.ncl.edu.tw/handle/tvjt2n
Description
Summary:碩士 === 朝陽科技大學 === 財務金融系碩士班 === 100 === In this study, we use an industry-related price model to investigate the impacts of exchange rate and crude oil price fluctuation on the production costs of industries and price levels in Taiwan. Suppose other things being equal where the assumption of Purchasing Power Parity (PPP). Use fluctuate (60%) of exchange rate and crude oil price at February 2009 to October 2011 to estimate domestic’s production costs of industries and price levels. According our evidence shows that there are different effects of oil price fluctuate on product price among individual, due to technical levels, and various dependences for crude oil. As the crude oil price increased, the production costs of the petroleum refine industry, gas industry, electric industry and petroleum chemical industry have a huge amount of increases. Because of technical level and industrial structures changed, the impacts lower. In addition, the ability of control inflation in Taiwan has risen after the oil crisis. Furthermore, the impacts of increases in crude oil price on price levels ( producer price index and consumer price index ) has dropped.