Modeling Sino–us Political Relation: Evidence From Geopolitical Economic and Technological Aspects
LINGLAN ZHANG,
KAI-HUA WANG,
HONG-WEN LIU
et al.
Abstract:This paper investigates Sino–US political relation (SUR) from global economic policy uncertainty (EPU), geopolitical risk (GPR), and technological innovation progress (TIP), using time-varying parameter-stochastic volatility-vector auto-regression (TVP-SV-VAR) model. The empirical results show that the relationship between SUR and the other three variables is unstable and time-varying. In detail, both EPU and TIP exert negative impacts on SUR, reflecting the US’s apprehension regarding its leading position in … Show more
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