The Grey Correlation Analysis of the Three Major Industries and Shanghai's GDP

Abstract

The 14th Five-Year Plan period is the first five years that my country has fully embarked on a new journey of building a modern socialist country. It is also a crucial period for Shanghai to deepen the functions of the "five centers". As the central city of China's economy, finance, and trade, Shanghai's GDP growth rate is basically the same as that of the whole country. This paper selects Shanghai’s total GDP data from 2010 to 2019 and the GDP data of the primary, secondary, and tertiary industries as samples to establish a grey correlation analysis model to analyze the relationship between Shanghai’s three major industries and Shanghai’s economic growth. Grey correlation degree. The empirical results show that the tertiary industry has the greatest impact on the economic development of Shanghai, followed by the secondary industry and the primary industry. Finally, this article proposes corresponding countermeasures and suggestions for Shanghai's future economic development in terms of strengthening scientific and technological innovation and improving the quality and efficiency of opening to the outside world.