The relationship between regional economy and financial intermediation agglomeration from the perspective of Granger causality Empirical analysis from the Guangdong-Hong Kong-Macao Greater Bay Area (GBA)

This paper uses the time series data from 2007 to 2017 to analyze the financial intermediation agglomeration of Guangdong-Hong Kong-Marco Greater Bay Area through the empirical method of Granger causality test to find the relationship between regional economic growth. The empirical results show that...

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Bibliographic Details
Published inE3S Web of Conferences Vol. 235; p. 1033
Main Authors Guo, Dezhi, Zhou, Kexin
Format Journal Article Conference Proceeding
LanguageEnglish
Published Les Ulis EDP Sciences 01.01.2021
Subjects
Agglomeration
Clustering
Economic development
Economic growth
Economics
Empirical analysis
Regional development
Hong Kong
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Summary:This paper uses the time series data from 2007 to 2017 to analyze the financial intermediation agglomeration of Guangdong-Hong Kong-Marco Greater Bay Area through the empirical method of Granger causality test to find the relationship between regional economic growth. The empirical results show that the financial intermediation in the GBA has a prominent clustering effect, which has a strong pulling effect on the regional economic growth of the GBA. However, the development of the real economy in the GBA has not played a substantial role in supporting the development of the financial intermediation.
ISSN:2267-1242
2555-0403
2267-1242
DOI:10.1051/e3sconf/202123501033