Proceedings of the 3rd International Conference on Economy, Management and Entrepreneurship (ICOEME 2020)

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

Authors
Shizhong Xiong
Corresponding Author
Shizhong Xiong
Available Online 8 September 2020.
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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Volume Title
Proceedings of the 3rd International Conference on Economy, Management and Entrepreneurship (ICOEME 2020)
Series
Advances in Economics, Business and Management Research
Publication Date
8 September 2020
ISBN
978-94-6239-052-2
ISSN
2352-5428
DOI
10.2991/aebmr.k.200908.006How to use a DOI?
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/).

Cite this article

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  -