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.
Highlights
In recent years,the high-tech industry of Yunnan have achieved rapid development, it has an important strategic significance for the transformation of economic growth pattern and speeding up the pace of “Innovative Yunnan Construction” that summarizng the present development situation of high technology industry, delving into the problems existing in the development of high technology industry, analyzing the role of high technology industry to economic growth and puting forward some suggestions on promoting sustained and healthy development of high technology industries of Yunnan province
Vol 12, No 4; 2017 in Finland and by empirical analysis, Jaakko Simonen1 et al (2014) found that the high technology industry to play a significant role in promoting economic growth of Finland, is an important factors for Finland economy to recover from a deep recession in 1990’s
Post-financial-crisis era, the high technology industry of Yunnan has received rapid development, but there are some shortcomings, such as small gross scale, a big gap compared with the developed province and neighboring province
Summary
Affected by the financial crisis of 2008 and the stage characteristics of China's own way of development, China’s economy enters the new normal after ending the rapid growth of average annual nearly 10% in recent 30 years in2012.Under the pressure of economic downward ,it’s the top priority for China that industrial structure adjustment, transformation of economic development patterns and cultivating the new motive force of development. With the increasing of the importance of high technology industry to economic growth, the related theory researches have been launched. Nelson (1984) argues that high technology industry is the leading industry which promotes economic growth and strategic industry which increase the competitiveness of the national economy. Vol 12, No 4; 2017 in Finland and by empirical analysis, Jaakko Simonen et al (2014) found that the high technology industry to play a significant role in promoting economic growth of Finland, is an important factors for Finland economy to recover from a deep recession in 1990’s. In China, scholars do some research on the important role of high technology industry to economic development. The result shows that the competitiveness of this industry is promoted rapidly over the years, there is still a great gap compared with those of developed countries
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