The Threshold Effect of the Financial Structure Optimization and Economic Structure Transformation Dual-wheel Driving: Based on Data from Guangdong-Hong Kong-Macao Greater Bay Area

DOI

10.2991/aebmr.k.200908.006How to use a DOI?

Keywords

financial structure optimization, economic structure transformation, economic growth, threshold effect

Abstract

This paper selects the panel data of 11 cities in the Guangdong-Hong Kong-Macao Greater Bay Area from 1997 to 2017, and uses the empirical methods of Fu1ly Modified Ordinary Least Squares and Granger to analyze the dynamic relationship between economic structure transformation, financial structure and economic growth in the Greater Bay Area. It proves through test that the economic structure transformation and financial structure optimization have become the support mode of the “dual-wheel driving” for economic growth, but there may be a certain degree of “threshold effect”. In view of this situation, it puts forward relevant policy suggestions to build a long-term coordinated development mechanism, which is conducive to the high-quality economic development of the Greater Bay Area.

Copyright

© 2020, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Shizhong Xiong
PY  - 2020
DA  - 2020/09/08
TI  - The Threshold Effect of the Financial Structure Optimization and Economic Structure Transformation Dual-wheel Driving: Based on Data from Guangdong-Hong Kong-Macao Greater Bay Area
BT  - Proceedings of the 3rd International Conference on Economy, Management and Entrepreneurship (ICOEME 2020)
PB  - Atlantis Press
SP  - 37
EP  - 42
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.200908.006
DO  - 10.2991/aebmr.k.200908.006
ID  - Xiong2020
ER  -