TITLE:
Has “The Outline of the Plan for the Reform and Development of the Pearl River Delta” Promoted to the Coordination of Guangdong-Hong Kong-Macao Greater Bay Area
AUTHORS:
Sixin Zheng
KEYWORDS:
Guangdong-Hong Kong-Macao Greater Bay Area, Pearl River Delta, The Coor-dination of Regional Development, Counterfactual Analysis
JOURNAL NAME:
Modern Economy,
Vol.10 No.4,
April
25,
2019
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.