Coordinated Economic Development in the Guangdong-Hong Kong-Macao Greater Bay Area: R/S Fractal Analysis

Zhongyan Li, Zhaozhou Han and Feifan Han ()
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Zhongyan Li: Guangdong University of Finance & Economics
Zhaozhou Han: Jinan University
Feifan Han: Jinan University

International Advances in Economic Research, 2025, vol. 31, issue 1, No 2, 15-43

Abstract: Abstract The economic system of the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) constitutes a complex nonlinear system. The relationships among the system and its constituent variables are highly intricate. Linear methods prove inadequate for understanding the inherent laws of the regional economy within the GBA. Consequently, a nonlinear rescaled range fractal analysis was employed to perform an empirical analysis of the macroeconomic dynamics of the GBA from 2000 to 2023. The analysis reveals two structural imbalance issues. A persistent development gap exists between core regions and peripheral cities, which manifests as fragmented industrial linkages and inadequate intercity integration. The degree of regional economic path divergence surpasses typical convergence patterns. Coordinated economic development has emerged as a notable challenge requiring urgent attention in the GBA. This situation indicates a need for targeted policy interventions to promote collaborative development. In response to issues identified in the study, this paper puts forward several policy suggestions, such as establishing a coordinated mechanism for regional economic development, in order to promote coordinated development of the economy, aiming to provide data support and a policy basis for further development.

Keywords: Coordinated economic development; Economic dispersion; Guangdong-Hong Kong-Macao Greater Bay Area; R/S fractal analysis (search for similar items in EconPapers)
JEL-codes: B23 C22 C65 O1 (search for similar items in EconPapers)
Date: 2025
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DOI: 10.1007/s11294-025-09931-7

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