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Grey Relation Analysis on the High-tech Industry and Economic Growth——Empirical Evidence from Yunnan Province of China

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  • Lin Zhu
  • Bo Xu

Abstract

This paper discusses the development of high technology industry in Yunnan province of China in period of “post financial crisis” from the perspective of overall situation and industry sectors. Based on the data from 2008 to 2014 and by using the grey correlation model, the empirical analysis has been done about the relationship between the high technology industry and economic growth in Yunnan province. Results show that although the overall level of high technology industry development in Yunnan province is not high, and there is some problems such as imbalance of industrial development, low input of R&D investment, poor innovation ability, the high technology industry leading role in the regional economic growth is revealed, and the grey correlation degree of high technology industries and regional economic growth is 0.71103, second only to the construction industry. Finally, the article puts forward some policy suggestions for the development of high technology industry combined the actual development in Yunnan province.

Suggested Citation

  • Lin Zhu & Bo Xu, 2017. "Grey Relation Analysis on the High-tech Industry and Economic Growth——Empirical Evidence from Yunnan Province of China," International Journal of Business and Management, Canadian Center of Science and Education, vol. 12(4), pages 213-213, March.
    • Handle: RePEc:ibn:ijbmjn:v:12:y:2017:i:4:p:213
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    References listed on IDEAS

    as
    1. Raymond A. Raab & Pradeep Kotamraju, 2006. "The Efficiency Of The High‐Tech Economy: Conventional Development Indexes Versus A Performance Index," Journal of Regional Science, Wiley Blackwell, vol. 46(3), pages 545-562, August.
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    More about this item

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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