The Impact of the Guangdong-Hong Kong-Macao Greater Bay Area Strategy on the Urban Employment: The Empirical Analysis based on the Difference-in-Difference Method

Mengxin Zheng

doi:10.54691/8qstpv12

Authors

Mengxin Zheng

DOI:

https://doi.org/10.54691/8qstpv12

Keywords:

Guangdong-Hong Kong-Macao Greater Bay Area; Full Employment; DID; Entrepreneurship.

Abstract

Since employment is the foundation of people's livelihood, we should emphasize the assessment of impact that economic integration made on employment in regional development. The Guangdong-Hong Kong-Macao Greater Bay Area (GBA) plays a pivotal role in fostering economic growth and facilitating international openness. Taking the establishment of the GBA in 2017 as the natural experiment, this paper selected the relevant data of 21 prefecture-level cities in Guangdong Province and Hong Kong and Macao Special Administrative regions from 2012 to 2022 with an application of difference-in-difference(DID) and checked the actual impact of regional development strategies on employment. It turned out that the GBA strategy can promote the expansion of urban employment by stimulating entrepreneurial activities, which will promote the sustainable economic and social development of the Guangdong-Hong Kong-Macao region, so as to provide empirical support for the modernization of high-quality development.

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