Design of future excellent development strategies for Guangdong-Hong Kong-Macao Greater Bay Area based on Granger causality test

As for the economic potential of Guangdong-Hong Kong-Macao Greater Bay Area, according to its unique “9+2” urban agglomeration pattern, it shows strong economic potential and competitiveness. Facing the continuous trend of globalization and regional integration, it is the key to deeply analyze the deep motivation of its economic growth. Through data mining and building BP neural network model, the influencing factors are fitted into six major research influencing factors, such as material capital, human capital, RD innovation, financial development, institutional factors, aggregation degree of scientific and technological services, and openness degree. On this basis, the causal relationship between each influencing factor and GDP is found according to Granger causality test. So as to build a comprehensive and in-depth strategic system to help the Greater Bay Area move towards a rapid and sustainable prosperity and development path. The program covers infrastructure construction, personnel training, innovation system construction, financial risk management, legal environment construction, scientific and technological innovation platform construction and internationalization strategy. Optimizing the production process through data-driven decision-making can achieve the balance between efficient utilization of resources and sustainable economic development.