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Academic Journal of Business & Management, 2021, 3(9); doi: 10.25236/AJBM.2021.030909.

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


Hongtao Ji1, Ruisi Zhang2

Corresponding Author:
Hongtao Ji

1School of Business Economics, Shanghai Business School, Shanghai, 201400, China

2School of Economics, Qufu Normal University, Rizhao, Shandong, 276827, China


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.


Three major industries, Shanghai, GDP, grey relational analysis

Cite This Paper

Hongtao Ji, Ruisi Zhang. The Grey Correlation Analysis of the Three Major Industries and Shanghai's GDP. Academic Journal of Business & Management (2021) Vol. 3, Issue 9: 40-45. https://doi.org/10.25236/AJBM.2021.030909.


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