Joint the Regulations:Constructing an Economic Integration Index for the Guangdong-Hong Kong-Ma-cao Greater Bay Area
Accelerating economic integration within the Guangdong-Hong Kong-Macao Greater Bay Area(GBA)is of great significance in optimizing the functional layout and building the GBA into an open,integrated and sus-tainable world-class bay area.This study constructs the GBA Economic Integration Index(GBA EII)based on prin-ciples of international acceptance and comparability and alignment with major national strategies.The index com-prises 24 indicators across four dimensions:macroeconomic convergence,industrial restructuring,trade and in-vestment,and financial connectivity.The results reveal significant progress in macroeconomic alignment,steady advancements in industrial restructuring,enhanced trade and investment cooperation,and positive developments in financial integration.However,challenges persist,including widening disparities in inflation and economic growth and the complexity of industrial restructuring.To address these challenges,the study recommends pro-moting social integration,attracting foreign investment to the region,and strengthening regulatory and institution-al coordination to support Hong Kong and Macao's deeper integration into national development strategies.
Guangdong-Hong Kong-Macao Greater Bay Area developmentregional integrationeconomic integra-tion indexindicator systemregulatory and institutional coordination
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