Research on Spatial Spillovers of Industries Development in Urban Agglomerations of the Guangdong, Hong Kong and Macau Greater Bay Area —Based on Spatial Panel SpVAR Model

DOI

10.2991/icpel-18.2018.75How to use a DOI?

Keywords

Urban agglomerations in Guangdong-Hong Kong-Macau Greater Bay Area, Spatial Panel VAR, GMM, Spatial Spillover

Abstract

Based on data from 2005 to 2016, this paper analyzes the spatial spillovers of urban agglomerations in Guangdong-Hong Kong-Macau Greater Bay Area by using spatial panel SpVAR Model. The results show that the spatial spillover of industry sector of the urban agglomerations in the Pearl River Delta is relatively significant. However, the spatial spillover of the industry sector and service sector of the urban agglomerations in the Great Bay Area need to be strengthened. The industry sector, after being proactively shocked, will bring about positive external impacts, these impacts will last for a while until they vanish. Whereas, the service sector, after being proactively shocked, will also bring about positive impacts, but these impacts will turn negative in the following period of time, these impacts will last as well until they vanish.

Copyright

© 2018, 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  - Yan Wu
AU  - Jiawei He
PY  - 2018/10
DA  - 2018/10
TI  - Research on Spatial Spillovers of Industries Development in Urban Agglomerations of the Guangdong, Hong Kong and Macau Greater Bay Area —Based on Spatial Panel SpVAR Model
BT  - Proceedings of the 2018 3rd International Conference on Politics, Economics and Law (ICPEL 2018)
PB  - Atlantis Press
SP  - 322
EP  - 328
SN  - 2352-5398
UR  - https://doi.org/10.2991/icpel-18.2018.75
DO  - 10.2991/icpel-18.2018.75
ID  - Wu2018/10
ER  -