Analysis of the Public Policy and Regional Advantages of the Flow of Start-ups to the Greater Bay Area of China-Based on Guangzhou, Shenzhen and Zhuhai

Abstract

Start-ups are a powerful tool to promote national and regional economic development and to seize a favourable position in globalisation, but also a focus point and a new engine to optimise China's industrial structure and promote domestic economic growth in the new era.The paper first adopts a statistical approach to select relevant data trends from 2008 to 2020; then uses a regression model to quantitatively analyse how the two variables affect the flow of start-ups to the Greater Bay Area, and finds that different factors have different effects on the flow of start-ups. Finally, policy recommendations are made in terms of implementing the two dimensions of formulating public policies and enhancing regional advantages, which have positive implications for encouraging and developing startup activation. It also provides useful perspectives and pioneering experiences for latecomers to land in various regions, thus promoting the overall development process of innovation and entrepreneurship in China and achieving common prosperity.