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Regional Financial Development and Economic Growth in China: A Study of Guangdong–Hong Kong–Macao Greater Bay Area

In: China: The Great Transition

Author

Listed:
  • Yuhao Luo

    (University of Glasgow)

  • Bhabani Shankar Nayak

    (University for the Creative Arts)

Abstract

The construction of the Guangdong–Hong Kong–Macao Greater Bay Area has become one of China's key development strategies, and it is particularly important to explore the relationship between financial development and economic growth in this region. This chapter analyses the economic status and financial development level of the Greater Bay Area. The research shows that the economic growth in the Greater Bay Area has no significant driving effect on financial development. The improvement of the level of financial development and the reorganization of the financial system have promoted the long-term impact of economic growth in the Greater Bay Area.

Suggested Citation

  • Yuhao Luo & Bhabani Shankar Nayak, 2023. "Regional Financial Development and Economic Growth in China: A Study of Guangdong–Hong Kong–Macao Greater Bay Area," Springer Books, in: Bhabani Shankar Nayak (ed.), China: The Great Transition, chapter 0, pages 39-60, Springer.
    • Handle: RePEc:spr:sprchp:978-981-99-0051-0_3
    DOI: 10.1007/978-981-99-0051-0_3
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    References listed on IDEAS

    as
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