Analysis on Economic Resilience of the Guangdong-Hong Kong-Macao Greater Bay Area:A Perspective from the Economic Connection Network

In the face of an increasingly complex and unstable external development environment,enhancing economic resilience has become a key task in the construction of the Guangdong-Hong Kong-Macao Greater Bay Area.This paper analyzes the changes in the economic resilience of the Guangdong-Hong Kong-Macao Greater Bay Area and its constituent cities after the 2008 global financial crisis by virtue of the regional economic resilience assessment method proposed by Martin et al.It constructs an economic connection network for the Guangdong-Hong Kong-Macao Greater Bay Area using the data from corporate headquarters and branches of A-share listed companies to analyze its impact on the economic resilience of the Area.The study reveals the three following conclusions.Firstly,the economic resilience of the Guangdong-Hong Kong-Macao Greater Bay Area generally outperforms the national average level,seeing a rapid boost over the recent years and exceeding the level witnessed during the 2008 financial crisis.However,there are marked disparities in the economic resilience ofvarious cities within the Greater Bay Area,with Shenzhen,Guangzhou,and Dongguan emerging as the most robust in this regard.Secondly,the economic connection network has a positive impact on the economic resilience of the cities in the Guangdong-Hong Kong-Macao Greater Bay Area.Specifically,there is a positive correlation between a city's economic resilience and its centrality in the economic connectionnetwork.Suchcentrality exerts a positive spillover effect on the economic resilience of surrounding cities.Thirdly,from the perspective of industryspecific networks,circulation and service industry networks are more conducive to improving the economic resilience of a city.Given the significant role of the economic connection network in shaping regional and urban economic resilience,it is imperative for the Guangdong-Hong Kong-Macao Greater Bay Area to prioritize ensuring economic development security and enhancing economic resilience,promote the development of the economic connection network,and enhance the network centrality of its constituent cities.This can improve the economic resilience of itselfand its constituentcities inaneffective manner.

The spatial pattern and governance of Zhongyuan Urban-Rural System in its development trajectory

It remains unclear on how transportation network interacts with economic network in an urban-rural agglomeration,while such knowledge is crucial for urban-rural system governance and sustainability.We explored such spatial interactions in the Zhongyuan Urban-Rural Agglomeration(ZURA)from 1995 to 2015.The structure of transportation network was measured by spatial syntax model,and that of economic network was gauged by improved gravity model.The associations between transportation and economic networks were investigated by conducting bivariate spatial autocorrelation analysis.The global Moran’s I showed that the two networks were positively correlated from 1995 to 2015.The local Moran’s I identified“high-high”associations between transportation and economic networks around core cities in 1995,which further extended to surrounding cities.Our results reveal that peripheral cities with highly developed transportation system have little spatial economic impact on neighboring rural areas,while cities with low transportation accessibility restrained its external economic influence of neighboring cities and rural areas.Our findings shed light on future urban-rural system governance,where the“multi-center,unbalanced”growth patterns of economic network and the“multi-core,multi-directional”structure of transportation network are more likely to contribute to the sustainability of urban-rural systems.