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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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  • Bin Mo

    (Guangzhou Institute of International Finance, Guangzhou University, Guangzhou, China)

  • He Nie

    (Department of Economics, National University of Singapore, Singapore)

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.

Suggested Citation

  • Bin Mo & He Nie, 2022. "The Impact of RCEP on Dual Circulation and Greater Bay Area — From the Perspective of China’s Stock Market Conditions," Economic Analysis Letters, Anser Press, vol. 1(2), pages 15-22, December.
    • Handle: RePEc:bba:j00004:v:1:y:2022:i:2:p:15-22:d:70
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    References listed on IDEAS

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    1. Zhe Wang & Ziling Yu & Lili Ma & Aolei Li, 2022. "The Digital Economy and the Energy “Internal Circulation”: Evidence from China’s Interprovincial Energy Trade," Sustainability, MDPI, vol. 14(23), pages 1-16, November.
    2. Cao, Guangxi & Xie, Wenhao, 2022. "Asymmetric dynamic spillover effect between cryptocurrency and China's financial market: Evidence from TVP-VAR based connectedness approach," Finance Research Letters, Elsevier, vol. 49(C).
    3. Jiang, Yonghong & Jiang, Cheng & Nie, He & Mo, Bin, 2019. "The time-varying linkages between global oil market and China's commodity sectors: Evidence from DCC-GJR-GARCH analyses," Energy, Elsevier, vol. 166(C), pages 577-586.
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