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Financial Development and Intra-trade Relationships: Evidence from Panel Analysis of Regional Comprehensive Economic Partnership Countries

Author

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  • Chen Yan
  • Leilei Zhang

Abstract

This study accounts for the nexus between financial development and intra-trade relationships using nine Regional Comprehensive Economic Partnership (RCEP) countries with the extraction of data from secondary sources spanning between 1990 and 2021. The following are the con- clusions drawn from the study: exchange rate, interest rate and inflation rate, which are criti- cal macroeconomic variables, represent unfavourable factors that suppress the intra-trade rela- tionships within the RCEP region. In light of the above, this study recommends that any time the policymakers in RCEP countries desire better intra-trade relationships within RCEP countries, they should implement a unified monetary policy that will stimulate interest rate, exchange rate and inflation rate in such a way that the intra-trade relationships will be enhanced among the RCEP countries.

Suggested Citation

  • Chen Yan & Leilei Zhang, 2023. "Financial Development and Intra-trade Relationships: Evidence from Panel Analysis of Regional Comprehensive Economic Partnership Countries," Prague Economic Papers, Prague University of Economics and Business, vol. 2023(5), pages 473-487.
    • Handle: RePEc:prg:jnlpep:v:2023:y:2023:i:5:id:841:p:473-487
    DOI: 10.18267/j.pep.841
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    References listed on IDEAS

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    1. Anh Tru Nguyen, 2019. "The Relationship between Financial Development, Economic Growth, and Inflation: Evidence from Southeast Asia," International Journal of Business, Economics and Management, Conscientia Beam, vol. 6(4), pages 201-214.
    2. Anh Tru Nguyen, 2019. "The Relationship between Financial Development, Economic Growth, and Inflation: Evidence from Southeast Asia," International Journal of Business, Economics and Management, Conscientia Beam, vol. 6(4), pages 201-214.
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    More about this item

    Keywords

    financial development; interest rate; exchange rate; intra-trade; RCEP countries;
    All these keywords.

    JEL classification:

    • B26 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Financial Economics
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F15 - International Economics - - Trade - - - Economic Integration
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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