JACIII Vol.28 No.3 pp. 727-738
doi: 10.20965/jaciii.2024.p0727

Research Paper:

RCEP and China: An Application of GE-PPML Model to Goods, Services, and Value Chains

Qi Xiong*, Jiangying Wei*,†, and Shougui Luo**

*School of Statistics, Institute of Quantitative Economics, Huaqiao University
No.668 Jimei Avenue, Jimei District, Xiamen 361021, China

Corresponding author

**Antai College Economics-Management, Shanghai Jiaotong University
1954 Huashan Road, Xuhui District, Shanghai 200030, China

January 20, 2024
March 8, 2024
May 20, 2024
RCEP, GE-PPML, China, value chains

This study utilizes a flexible estimation and simulation platform based on the GE-PPML model to analyze the trade and welfare implications of the Regional Comprehensive Economic Partnership (RCEP) for member countries, with a particular focus on China. Our findings suggest that RCEP has the potential to yield significant export gains for member economies. Furthermore, by considering heterogeneity in terms of sectors and product usage, our results indicate that RCEP holds significant potential for deepening value chain trade among member countries, particularly in the manufacturing industry. This study underscores the importance and uniqueness of examining the actual impact of RCEP on member countries’ trade and welfare. By providing clearer insights into these impacts, we aim to contribute to a better understanding of the potential benefits and challenges associated with RCEP implementation.

Frame work of the paper

Frame work of the paper

Cite this article as:
Q. Xiong, J. Wei, and S. Luo, “RCEP and China: An Application of GE-PPML Model to Goods, Services, and Value Chains,” J. Adv. Comput. Intell. Intell. Inform., Vol.28 No.3, pp. 727-738, 2024.
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Last updated on Jun. 03, 2024