Measurement and Evaluation of Regional Financial Integration in Guangdong, Hong Kong and Macao: Based on the Panel Data from 2000 to 2018
- https://doi.org/10.2991/aebmr.k.200908.014How to use a DOI?
- Guangdong-Hong Kong-Macao Greater Bay Area, regional financial integration, measurement, empirical analysis
Financial integration is the trend and hub of China’s contemporary high-quality economic development and regional financial integration is an important carrier to realize the coordinated and stable development of regional economy and promote financial innovation. Taking the Guangdong-Hong Kong-Macao Greater Bay Area as an investigation object, this paper collects the panel data of 11 cities in the bay area from 2000 to 2018, and constructs a model of financial integration measurement by using the price method, quantity method and principal component analysis. The empirical results show that with the extension of time, the level of regional financial integration continues to improve, but it is still at a low level and in an urgent need to improve to a certain extent. In view of this prominent problem, relevant policy suggestions are put forward.
- © 2020, the Authors. Published by Atlantis Press.
- Open Access
- This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).
Cite this article
TY - CONF AU - Shizhong Xiong AU - Dongxu Yang AU - Xiaofang Xiong PY - 2020 DA - 2020/09/08 TI - Measurement and Evaluation of Regional Financial Integration in Guangdong, Hong Kong and Macao: Based on the Panel Data from 2000 to 2018 BT - Proceedings of the 3rd International Conference on Economy, Management and Entrepreneurship (ICOEME 2020) PB - Atlantis Press SP - 85 EP - 90 SN - 2352-5428 UR - https://doi.org/10.2991/aebmr.k.200908.014 DO - https://doi.org/10.2991/aebmr.k.200908.014 ID - Xiong2020 ER -