Study of the Influencing Factors on Development of Ports in Guangdong, Hong Kong, and Macao from the Perspective of Spatial Economics

Abstract

Under the background of “one belt, one road initiative” and the “Outline Development Plan for the Guangdong-Hong Kong-Macao Greater Bay Area,” Guangdong, Hong Kong, and Macao port group development is facing new opportunities. The port group has a large throughput, covering the hinterland with dense population and high economic density, excellent transportation infrastructure, and broad consumption market. However, the port group internal competition is fierce, and the development level is different in space. Based on this, this paper uses the HHI index and spatial economics as research method and aims to study the spatial evolution characteristics and influencing factors of Guangdong-Hong Kong-Macao port group. Firstly, the HHI index is used to describe the aggregation status. Secondly, the development level index according to port throughput and container throughput is constructed. The spatial development and evolution process of the port group of Guangdong, Hong Kong, and Macao is analyzed by combining with spatial econometrics and economic geography. In summary, the influencing factor “diamond model” is constructed and took empirical research to verify its rationality and scientificity. The empirical results show a strong spatial correlation between the development of the Guangdong, Hong Kong, and Macao port group. The government intervention and the development of port industry have a negative correlation, and this impact will be weakened over time. There is a negative relationship between the level of marketization and the development of the port industry. There is a multiple and complex relationship between the port auxiliary industry and the development of the port industry, and it shows the short-term influence is smaller than the long-term impact. The level of port transportation infrastructure, the port industry competition, and the economic openness have significant and positive effects on the development of the port group.