The Relationship Between Information Infrastructure Construction and Coordinated Economic Development: A Case Study of Guangdong–Hong Kong–Macau Greater Bay Area

Abstract

Using the time series data of Guangdong–Hong Kong–Macau Greater Bay Area from 1998 to 2017 as well as telecommunication infrastructure and information service level as the measurement indicators of information infrastructure construction, the long-term dynamic relationship between information infrastructure construction and coordinated economic development was empirically analyzed under the VAR model. It shows that there is a long-term equilibrium relationship between information infrastructure construction and coordinated economic development. The Granger cause of the coordinated development between information service and economy is the telecommunication network foundation rather than the coordinated economic development. To some extent, the coordinated development of economy contributes to the construction of information infrastructure and the impact of information infrastructure construction on coordinated economic development is neutral. From the trend of the integration of Guangdong–Hong Kong–Macau Greater Bay Area and the gradually narrowing economic gap, information infrastructure will slowly improve the coordinated economic development with the regional high quality in the future.