The study on the interactive relationship between high-tech industry development and economical growth based on grey incidence analysis

Abstract

This paper investigated the relationship between high-tech industry development and economical growth in China using grey incidence analysis. Some results from our study indicated that the relationship between high-tech industries' development and economical growth is not a one-way promoting one, but a cumulating two-way one; the input indexes of high-tech industries in China play a greater promoting role in economic growth, but our input is still very low.