Analysis of the affecting factors of coal price in China based on VAR model

Abstract

Coal has the main position in China’s energy structure; coal prices have an important impact on China’s economy. The price of coal is directly measurable variables which reflect the change and development of the coal industry; coal price fluctuations will not only affect the coal industry itself, but also relates to the development of the national economy and social stability. This paper takes the analysis on the influence factors of coal prices, using the monthly data of coal price and the influence factors of 2012–2016 years, to study the influence factors of coal price in China by the unit root test, co-integration test and VAR model and the establishment of the impulse response function.

Subject Classification:

• MSC2010
• 91B99

Keywords:

• Coal Price
• Co-integration
• VAR model
• Impulse Response Function