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Empirical Study of the Effect of Guangdong Free Trade Zone on Local Economic Growth Based on the System GMM of Dynamic Panel Data Model

In: INTERNET FINANCE AND DIGITAL ECONOMY Advances in Digital Economy and Data Analysis TechnologyThe 2nd International Conference on Internet Finance and Digital Economy, Kuala Lumpur, Malaysia, 19 – 21 August 2022

Author

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  • Juan Yang

Abstract

In this paper, the panel data of 21 cities in Guangdong Province from the first quarter of 2010 to the fourth quarter of 2020 are taken as samples, and the system GMM of the dynamic panel data model is used to make an empirical study on the effect of Guangdong Pilot Free Trade Zone on local economic growth, and the conditions of the effect. The results show that the effect of the Guangdong Pilot Free Trade Zone on local economic growth is significant. The effect on the mother cities is the most obvious, followed by the Pearl River Delta, and Guangdong Province ranks third. At the same time, the Guangdong Pilot Free Trade Zone and the level of trade openness have a complementary effect on pulling the growth of the local economy, and the pilot Free Trade Zone and the size of the government have a substitution effect on economic growth.

Suggested Citation

  • Juan Yang, 2023. "Empirical Study of the Effect of Guangdong Free Trade Zone on Local Economic Growth Based on the System GMM of Dynamic Panel Data Model," World Scientific Book Chapters, in: Faruk Balli (ed.), INTERNET FINANCE AND DIGITAL ECONOMY Advances in Digital Economy and Data Analysis TechnologyThe 2nd International Conference on Internet Finance and , chapter 28, pages 393-402, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789811267505_0028
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    More about this item

    Keywords

    Internet Economy; Online Finance; Financial Engineering; Big Data; Blockchain; Supply Chain; E-commerce;
    All these keywords.

    JEL classification:

    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • G2 - Financial Economics - - Financial Institutions and Services

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