The Impact of RCEP on Dual Circulation and Greater Bay Area — From the Perspective of China’s Stock Market Conditions

Bin Mo and He Nie
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Bin Mo: Guangzhou Institute of International Finance, Guangzhou University, Guangzhou, China
He Nie: Department of Economics, National University of Singapore, Singapore

Economic Analysis Letters, 2022, vol. 1, issue 2, 15-22

Abstract: With the daily data from Nov 20, 2019 to Oct 31, 2022, this paper examines the dynamic nonlinear effects of RCEP on Dual Circulation and Greater Bay Area stock market from a quantile perspective. The rolling window quantile regressions detect the positive effects of RCEP on Dual Circulation and Greater Bay Area stock markets with significant time-varying characteristics. Meanwhile, QQ results show that the impacts from RCEP index are more significant under extreme conditions. In addition, we further use a nonparametric QC test to provide evidence on the predictive power of RCEP for Dual Circulation and Greater Bay Area with stock market.

Keywords: RCEP; Dual Circulation; Greater Bay Area; Quantile approach (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (1)

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