Advances in Economics, Management and Political Sciences
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Proceedings of the 7th International Conference on Economic Management and Green Development
Series Vol. 44 , 10 November 2023
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Impact of the Sino-US Trade War on Factor Endowment in the Guangdong-Hong Kong-Macao Greater Bay Area: A Perspective from Factor Endowment Theory
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Abstract
This study chooses the Guangdong-Hong Kong-Macao Greater Bay Area as the research object to explore the impact of Sino-US trade barriers on the factor endowment of the region. Based on the factor endowment theory, this paper proposes a hypothesis, tests collinearity, and establishes a multiple linear regression model. The results show that the trade barriers between China and the U.S. cannot explain the changes in GBA's factor endowments since the fitting degree is low. The correlation test shows the substitution effect between factor endowments. Based on the data analysis results, Sino-US trade barriers did not affect the factor endowment of the GBA. The possible reasons are the trade deflection and the policy that restrict factor mobility.
Keywords
Sino-U.S. trade war, factor endowment, greater bay area
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Data Availability
The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.
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- Volume Title
- Proceedings of the 7th International Conference on Economic Management and Green Development
- ISBN (Print)
- 978-1-83558-109-4
- ISBN (Online)
- 978-1-83558-110-0
- Published Date
- 10 November 2023
- Series
- Advances in Economics, Management and Political Sciences
- ISSN (Print)
- 2754-1169
- ISSN (Online)
- 2754-1177
- DOI
- 10.54254/2754-1169/44/20232209
- Copyright
- 10 November 2023
- Open Access
- This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited