Abstract
The construction of the Guangdong-Hong Kong-Macao Greater Bay Area is an important regional development strategy implemented by our country in the new era. The development of coordination is the point. It is known that the scope of implementation of the outline includes the Pearl River Delta region and Hong Kong and Macao, consistent with the scope of Guangdong-Hong Kong-Macao Greater Bay Area. So, as to whether this outline has promoted the coordinated development of Greater Bay Area, this paper, based on the counterfactual analysis, constructs the HCW model and makes an empirical analysis from three aspects, regional economic relations, regional economic growth and regional economic differences. The results show that the outline did strengthen relations of Great Bay area, promote the regional economic growth and also have a positive effect on the reduction of regional economic differences. These conclusions can provide valuable reference for promoting the coordination of Guangdong-Hong Kong-Macao Greater Bay Area.
Highlights
It is known that the scope of implementation of the outline includes the Pearl River Delta region and Hong Kong and Macao, consistent with the scope of Guangdong-Hong Kong-Macao Greater Bay Area
Due to the Great Bay Area including Guangdong, Hong Kong and Macao, which are three separate customs territories (Guangdong pearl river delta region belonging to the mainland customs territory), involving in nine cities in the pearl river delta in Guangdong, Hong Kong and Macao, a total of 11 cities, how to promote the coordinated development is the major issue facing the construction of the Great Bay Area and an important tasks to complete in the process of implement the development plan for the Great Bay Area
This paper uses HCW model to analyze the impact of the Outline on the coordinated development of the Pearl River Delta and the Great Bay Area respectively from three aspects: regional economic linkages, regional economic growth and regional economic disparities
Summary
Due to the Great Bay Area including Guangdong, Hong Kong and Macao, which are three separate customs territories (Guangdong pearl river delta region belonging to the mainland customs territory), involving in nine cities in the pearl river delta in Guangdong, Hong Kong and Macao, a total of 11 cities, how to promote the coordinated development is the major issue facing the construction of the Great Bay Area and an important tasks to complete in the process of implement the development plan for the Great Bay Area. Does the implementation of the Outline promote the coordinated development of Great Bay Area as planned? This is a problem that needs to be analyzed and evaluated scientifically
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