Research on the Internal Mechanism of Economic Factor Coupling and High-quality Development: Empirical Evidence from the Greater Bay

Abstract

The economic transformation in the new era has broken the inherent order of factors such as economic mode, power, structure, and efficiency, highlighting the dynamics of high-quality development. Can factor coupling become a new driving force for high-quality economic transformation? Based on this, this paper uses Group Mean Panel FMOLS to construct a high-quality development measurement model, and uses Granger and other test methods to empirically study the internal mechanism of factor coupling and high-quality development. The results show that effective coupling provides a source of power for a stable and high-quality economic development model, and vice versa, it becomes the shackles of its development.