Influencing Factors in Regional Income Gap in Guangdong

Abstract

The widening income gap may lead to a "middle income trap". As a province of economic strength in China, Guangdong's widening regional income gap will have a negative impact on its economic development. By adopting a time series regression research method, this paper found that changes in educational human capital and traffic facility have a significant influence on the widening regional income gap. Therefore, it is suggested to narrow the regional income gap by increasing education expenditures, allocating education expenditures in various regions, as well as planning traffic routes rationally.