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

Bin Mo; He Nie

doi:10.58567/eal01020003

Authors

Bin Mo Guangzhou Institute of International Finance, Guangzhou University, Guangzhou, China https://orcid.org/0000-0001-9113-7624
He Nie Department of Economics, National University of Singapore, Singapore https://orcid.org/0000-0002-3544-6825

DOI:

https://doi.org/10.58567/eal01020003

Keywords:

RCEP, Dual Circulation, Greater Bay Area, Quantile approach

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.

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

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