Issue |
E3S Web Conf.
Volume 235, 2021
2020 International Conference on New Energy Technology and Industrial Development (NETID 2020)
|
|
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Article Number | 01033 | |
Number of page(s) | 4 | |
Section | Research on New Energy Technology and Energy Consumption Development | |
DOI | https://doi.org/10.1051/e3sconf/202123501033 | |
Published online | 03 February 2021 |
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)
1
Renmin University of China No. 59 Zhongguancun Street, Haidian District, Beijing, 100872, China
2
Zhejiang University of Technology No.288 Liuhe Road, Xihu District, Hangzhou, Zhejiang Province, 315000, China
a kuodezhi@foxmail.com
b insshela@hotmail.com
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.
© The Authors, published by EDP Sciences, 2021
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