Abstract: The economy of the Bay Area, as a pattern at advanced stage of regional economic development, has become a crucial engine leading the global economy at the new era. Based on the data of the city agglomeration at the Pearl River Delta Region from 2010 to 2018, the findings of this empirical study prove that the economic strategies of the Bay Area have significant driving impact on the regional economic growth, which is mainly achieved by increasing the fixed asset investments, promoting the economic opening-up and other channels. The empirical results also indicate that the economic strategies of the Bay Area fail to notably promote the high-grade level of the industrial structure and the level of trade at the region. This means that, while further promoting the economic development strategies of the Bay Area, the government must actively guide the transformation and upgrading of the industrial structure and make great effort to breed the emerging consumer market, so as to promote the economic growth through industrial cooperation and the expansion of domestic demand.

Key words: the economy of the Bay Area, economic growth, Guangdong-Hong Kong-Marco Greater Bay Area, industrial structure