Journal of Guangxi Teachers Education University (Philosophy and Social Sciences Edition) ›› 2022, Vol. 58 ›› Issue (3): 95-109.doi: 10.16088/j.issn.1001-6597.2022.03.009

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High-tech Enterprises Agglomeration and Economic Growth —Take the Guangdong-Hong Kong-Macao Greater Bay Area as an Example

TANG Xue-bing, WEI Kai-cheng   

  1. School of Economics and Business Administration, Central China Normal University, Wuhan 430079, China
  • Received:2021-10-19 Online:2022-05-15 Published:2022-06-01

Abstract: This paper, by expanding the Dixit-Stiklitz monopolistic competition model, based on the panel data (2008—2018) of 9 cities in the Guangdong-Hong Kong-Macao Greater Bay Area, aims to verify the relationship between high-tech enterprises agglomeration and economic growth. Empirical evidence shows that 1) considering the effects of the cubic item, agglomeration has two inflection point effects on economic growth, showing a trend that decreasing comes first, followed by increasing and then it shifts to decreasing; 2) the degree of agglomeration in most cities during the research period does not exceed the second inflection point, indicating that the agglomeration of high-tech enterprises has a significant role and a large potential space in promoting economic growth. Therefore, underdeveloped regions can learn from the economic development experience of the Guangdong-Hong Kong-Macao Greater Bay Area, that is, to strive to form a “core area” for high-tech industry clusters, give play to synergy for utilizing complementary strengthens so as to lead regional high-quality development.

Key words: the Guangdong-Hong Kong-Macao Greater Bay Area, high-tech enterprises agglomeration, inflection point effect, economic growth, monopolistic competition model

CLC Number: 

  • F127
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