Guangdong and Macao Economic Cooperation: An Empirical Analysis Based on an Integrated Perspective

This paper selected GDP growth in 1988-2010 of Guangdong and Macao, used the HP filter method to get Guangdong and Macao’s economic growth cycle data, and then applied cross-correlation analysis and iterative analysis methods to study the synchronization of economic growth and cycle between Guangdong and Macao. The results show that Guangdong and Macao have synchronization between economic growth and the economic cycle, while in the sample period, with the deepening of the economic cooperation of the two regions, the synchronization of Guangdong and Macao economic cycle is significantly enhanced. Because the regional economic integration of Guangdong and Macao has not been fully realized, Macao’s own micro-economy has its own characteristics, and each of Guangdong and Macao’s economic indicators is also very weak, there are many problems in the regional cooperation. The economic integration of Guangdong and Macao still has a long way to go.