Open Access Journal Article

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

by Bin Mo a,* orcid  and  He Nie b orcid
a
Guangzhou Institute of International Finance, Guangzhou University, Guangzhou, China
b
Department of Economics, National University of Singapore, Singapore
*
Author to whom correspondence should be addressed.
EAL  2022, 8; 1(2), 8; https://doi.org/10.58567/eal01020003
Received: 21 November 2022 / Accepted: 22 December 2022 / Published Online: 28 December 2022
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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;
Copyright: © 2022 by Mo and Nie. This is an open-access article distributed under the terms of the Creative Commons Attribution License (CC BY) (Creative Commons Attribution 4.0 International License). The use, distribution or reproduction in other forums is permitted, provided the original author(s) or licensor are credited and that the original publication in this journal is cited, in accordance with accepted academic practice. No use, distribution or reproduction is permitted which does not comply with these terms.
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ACS Style
Mo, B.; Nie, H. The Impact of RCEP on Dual Circulation and Greater Bay Area — From the Perspective of China’s Stock Market Conditions. Economic Analysis Letters, 2022, 1, 8. https://doi.org/10.58567/eal01020003
AMA Style
Mo B, Nie H. The Impact of RCEP on Dual Circulation and Greater Bay Area — From the Perspective of China’s Stock Market Conditions. Economic Analysis Letters; 2022, 1(2):8. https://doi.org/10.58567/eal01020003
Chicago/Turabian Style
Mo, Bin; Nie, He 2022. "The Impact of RCEP on Dual Circulation and Greater Bay Area — From the Perspective of China’s Stock Market Conditions" Economic Analysis Letters 1, no.2:8. https://doi.org/10.58567/eal01020003
APA style
Mo, B., & Nie, H. (2022). The Impact of RCEP on Dual Circulation and Greater Bay Area — From the Perspective of China’s Stock Market Conditions. Economic Analysis Letters, 1(2), 8. https://doi.org/10.58567/eal01020003

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