Analysis And Measurement Of Total Factor Productivity Of Guangdong-Hong Kong-Macau Greater Bay Area Enterprises

As a national strategy,Guangdong-Hong Kong-Macau Greater Bay Area shoulders the important task of how to optimize and integrate resources across regions and find a new road of innovation and development.In this paper,the total factor productivity(TFP)of Guangdong-Hong Kong-Macau Greater Bay Area enterprises is measured and analyzed by data envelopment analysis(DEA)and Malmquist index method,and compared with those of Beijing-Tianjin-Hebei and Yangtze River Delta urban agglomerations.This paper selects the financial side index of the key industries in Bay area for factor analysis and compares the scores of the three places,and tries to explore the interactive correlation between the efficiency of enterprise resource allocation and its financial performance.The statistical data and empirical results show that Guangdong-Hong Kong-Macau Greater Bay Area has innovation and structural advantages over the domestic economic belt,and has the advantage of production factors compared with the three international bay areas.The TFP in bay area is mainly trapped by scale efficiency,and enterprises engaged in finance,real estate,public transport and institutions have higher efficiency.The average value of Malmquist index of enterprises in Bay area is stable as a whole,and the representative enterprises in Bay area have financial advantages and are particularly strong in profitability and growth.