Purpose: Recently, the legal basis for the maga-region has been established, and interest in regional competitiveness is increasing. This study examines the influence of regional competitiveness factors on the growth of the regional economy, focusing on maga-regions, in terms of corporate innovation capability, economic power base, and creative potential, and examines policy implications. Research design, data, and methodology: This study categorizes the maga-region and uses the time series data from 2013 to 2018 to conduct a panel analysis through the LSDV (least squares dummy variable) model based on the ultra-wide area. In particular, independent variables derive competitiveness factors from the perspectives of corporate innovation capacity, economic base, and creative potential, and analyze the effects of these regional competitiveness factors on per capita GRDP and per capita GRDP growth rate. Results: As a result of the analysis, the influence of regional competitiveness factors based on the Gwangju and Jeonnam maga-region on GRDP per capita is as follows. First, in the field of corporate innovation capability, knowledge performance has a positive (-) effect. Next, in the economic power sector, industrial base, manufacturing base, SOC base, and financial power were found ...