Research Article
Has the Construction of the Guangdong-Hong Kong-Macao Greater Bay Area Promoted Outward FDI from Provinces Along the Route?—Empirical Analysis Based on the DID Method
@INPROCEEDINGS{10.1007/978-3-030-94551-0_28, author={Xin-ye Liu and Li-jun Qiu}, title={Has the Construction of the Guangdong-Hong Kong-Macao Greater Bay Area Promoted Outward FDI from Provinces Along the Route?---Empirical Analysis Based on the DID Method}, proceedings={Advanced Hybrid Information Processing. 5th EAI International Conference, ADHIP 2021, Virtual Event, October 22-24, 2021, Proceedings, Part I}, proceedings_a={ADHIP}, year={2022}, month={1}, keywords={The Guangdong-Hong Kong-Macao Greater Bay area Outward foreign direct investment DID Effect assessment}, doi={10.1007/978-3-030-94551-0_28} }- Xin-ye Liu
Li-jun Qiu
Year: 2022
Has the Construction of the Guangdong-Hong Kong-Macao Greater Bay Area Promoted Outward FDI from Provinces Along the Route?—Empirical Analysis Based on the DID Method
ADHIP
Springer
DOI: 10.1007/978-3-030-94551-0_28
Abstract
The introduction of the Outline of the Guangdong-Hong Kong-Macao Greater Bay Area Development Plan signifies that the Greater Bay Area has become the “new fulcrum” of China’s new round of opening up to the outside world, and the construction of it will have a direct and significant impact on the development of outward investment in the regions along the route. With this background, this paper empirically examines the policy effects of the construction on the development of outward foreign direct investment in the provinces along the route using provincial panel data from 2011 to 2017 using the double difference model (DID model). The empirical test results show that the Guangdong-Hong Kong-Macao Greater Bay Area construction initiative has significantly contributed to the growth and development of outward FDI from the provinces along the route, and is an important driving force for the growth of outward FDI. Regions along the GBA construction should strengthen outward investment cooperation, integrate outward investment resources and implement outward investment projects, and the state should increase corresponding support for going global in order to build a high-level open economy.
