Empirical Study of the Effect of Guangdong Free Trade Zone on Local Economic Growth Based on the System GMM of Dynamic Panel Data Model

Juan Yang

Chapter 28 in Internet Finance and Digital Economy:Advances in Digital Economy and Data Analysis Technology, 2023, pp 393-402 from World Scientific Publishing Co. Pte. Ltd.

Abstract: In this paper, the panel data of 21 cities in Guangdong Province from the first quarter of 2010 to the fourth quarter of 2020 are taken as samples, and the system GMM of the dynamic panel data model is used to make an empirical study on the effect of Guangdong Pilot Free Trade Zone on local economic growth, and the conditions of the effect. The results show that the effect of the Guangdong Pilot Free Trade Zone on local economic growth is significant. The effect on the mother cities is the most obvious, followed by the Pearl River Delta, and Guangdong Province ranks third. At the same time, the Guangdong Pilot Free Trade Zone and the level of trade openness have a complementary effect on pulling the growth of the local economy, and the pilot Free Trade Zone and the size of the government have a substitution effect on economic growth.

Keywords: Internet Economy; Online Finance; Financial Engineering; Big Data; Blockchain; Supply Chain; E-commerce (search for similar items in EconPapers)
JEL-codes: G2 O33 (search for similar items in EconPapers)
Date: 2023
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.worldscientific.com/doi/pdf/10.1142/9789811267505_0028 (application/pdf)
https://www.worldscientific.com/doi/abs/10.1142/9789811267505_0028 (text/html)
Ebook Access is available upon purchase.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wsi:wschap:9789811267505_0028

Ordering information: This item can be ordered from

Access Statistics for this chapter

More chapters in World Scientific Book Chapters from World Scientific Publishing Co. Pte. Ltd.
Bibliographic data for series maintained by Tai Tone Lim ().