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Factors Affecting the Manufacturing Industry Transformation and Upgrading: A Case Study of Guangdong–Hong Kong–Macao Greater Bay Area

Author

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  • Fan Yang

    (School of Management, Guangzhou University, Guangzhou 510000, China)

  • Yanming Sun

    (School of Management, Guangzhou University, Guangzhou 510000, China
    Research Center for High Quality Development of Modern Industry, Guangzhou University, Guangzhou 510000, China)

  • Yuan Zhang

    (School of Management, Guangzhou University, Guangzhou 510000, China
    School of Management, Guizhou University of Commerce, Guiyang 550014, China)

  • Tao Wang

    (Department of Building Surveying, Faculty of Built Environment, University of Malaya, Kuala Lumpur 50603, Malaysia)

Abstract

This study aims to analyze the development trend of the manufacturing industry transformation and upgrading in the Guangdong–Hong Kong–Macao Greater Bay Area (2008–2018). On the basis of synergetics, the order parameter method of factor analysis is used to study these factors. The results show that: (1) There are five slow variable factors, such as intelligent manufacturing industry, technological innovation, scale agglomeration, market demand, and fixed asset investment, which are important power sources of the transformation and upgrading of the manufacturing industry in Greater Bay Area. The development of these factors is relatively mature, and they cooperate with each other. (2) Similar to a fast variable of manufacturing development ecology, green development is an important coordinating factor in removing bottlenecks. Finally, suggestions for the development of the transformation and upgrading of the manufacturing industry are put forward.

Suggested Citation

  • Fan Yang & Yanming Sun & Yuan Zhang & Tao Wang, 2021. "Factors Affecting the Manufacturing Industry Transformation and Upgrading: A Case Study of Guangdong–Hong Kong–Macao Greater Bay Area," IJERPH, MDPI, vol. 18(13), pages 1-14, July.
    • Handle: RePEc:gam:jijerp:v:18:y:2021:i:13:p:7157-:d:588278
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    References listed on IDEAS

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    2. Chong Wu & Jiahua Gan & Zhuo Jiang & Anding Jiang & Wenlong Zheng, 2022. "Ecological Efficiency Evaluation, Spatial Difference, and Trend Analysis of Logistics Industry and Manufacturing Industry Linkage in the Northeast Old Industrial Base," Sustainability, MDPI, vol. 14(19), pages 1-20, October.
    3. Tongning Li & Daozheng Li & Diling Liang & Simin Huang, 2022. "Coupling Coordination Degree of Ecological-Economic and Its Influencing Factors in the Counties of Yangtze River Economic Belt," Sustainability, MDPI, vol. 14(22), pages 1-21, November.
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    5. Tong Tang & Chun-Ai Ma & Heng-Yu Lv & Fu-Ying Hao, 2023. "The Effect of Corporate Resource Abundance on the Transformation and Upgrading of Manufacturing Enterprises from the Perspective of Whole Process Innovation," Sustainability, MDPI, vol. 15(14), pages 1-31, July.

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