The Economic and Trade Effects of RCEP Agreement in China and Other Member Countries: An Empirical Study Based on GTAP Model

Xiaofei Luo, Xiaonan Shen

2022

Abstract

Based on GTAP model, this paper analyzes the impact of RCEP on the economic effects and trade cooperation in China and other member countries. We build a global trade analysis model (GTAP) to simulate and forecast the economic effects of the tariff and non-tariff barrier reduction measures of the RCEP agreement. We divide the industries into 8 groups according to their roles in the industry chain and predict the future trend of eco-nomic cooperation between China and other RCEP member countries. The results show that China will meet a higher increasing status in labor-intensive industries, especially in low and medium-tech manufacturing and livestock. RCEP will donate an increase in global investment by 1.03%, and China shall take the opportunity of the RCEP to expand and enhance its foreign trade and investment cooperation.

Paper Citation

in Harvard Style

Luo X. and Shen X. (2022). The Economic and Trade Effects of RCEP Agreement in China and Other Member Countries: An Empirical Study Based on GTAP Model. In Proceedings of the 1st International Conference on Public Management, Digital Economy and Internet Technology - Volume 1: ICPDI; ISBN 978-989-758-620-0, SciTePress, pages 463-468. DOI: 10.5220/0011740200003607

in Bibtex Style

@conference{icpdi22,
author={Xiaofei Luo and Xiaonan Shen},
title={The Economic and Trade Effects of RCEP Agreement in China and Other Member Countries: An Empirical Study Based on GTAP Model},
booktitle={Proceedings of the 1st International Conference on Public Management, Digital Economy and Internet Technology - Volume 1: ICPDI},
year={2022},
pages={463-468},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0011740200003607},
isbn={978-989-758-620-0},
}

in EndNote Style

TY - CONF

JO - Proceedings of the 1st International Conference on Public Management, Digital Economy and Internet Technology - Volume 1: ICPDI
TI - The Economic and Trade Effects of RCEP Agreement in China and Other Member Countries: An Empirical Study Based on GTAP Model
SN - 978-989-758-620-0
AU - Luo X.
AU - Shen X.
PY - 2022
SP - 463
EP - 468
DO - 10.5220/0011740200003607
PB - SciTePress