The Correlation Analysis Of Effect Of Financial Industry In China Based On The Comparison Of The Input-Output Method And Grey Relational Method

The financial industry plays a vital role in promoting the development of economy as the core of modern service industries, and is one of the most obvious industry in utilizing modern information technology. the development of financial sector cannot be separated from the impact of other related industries, it is not only related to some industries in the tertiary industry, but also it has closely contact with primary industry and secondary industry. How to make the financial sector better serve our economy, how to produce the financial industry status as the central sector is the current focus of all over the world, and also is the tendency of economy development at present. This paper focuses on financial linkage, mainly, financial industry and the three industries, using the input-output analyze financial sector and the three industries in the overall situation in China, and the grey system correlation analyze financial sector and the specific industries,then compare the two results. Finally, according to the results of the analysis, make recommendations on how to develop the financial industry.This paper studies the industrial correlation of the financial sector in China, especially, the current linkage situation is not much apparent, mainly lies in the financial sector and the three industries,this article bases on the predecessors’ experience, makes an intensive study of overall connection situation on the financial industry and the three industries, as well as the detailed linkage in each subdivision industry of the three industries, showing the financial sector and the industries association, and will produce a great reference value in laying down the policies of financial development.This paper is mainly divided into the following several parts, the first part primarily introduce the selected topic background and significance, research status, ideas and methods, innovation and deficiencies, and then the thread and the basic structure. The second part is the major part of the paper, mainly using the input-output method to study the overall industrial association of the financial sector and the three industries, employing, respectively, the input-output flows of 2005, 2007 and 2010, analyzing their direct dependency and complete dependency, then analyzing the intermediate demand rate and input rate of financial, finally, analyzing the ripple effect of financial sector. The third part is also the major part of the article, using the industrial value added part of the statistical yearbook in 2005-2013, adopt the improved grey correlation method in grey system to analyze the grey correlation in finance and the specific industries of the three industries, respectively, the categories and segment of the three industries and the finance, the advantage of the analysis is able to study better, respectively, and see the results of the method more precise without interference from other industries. The forth part mainly focus on the method of comparative analysis and enlightenment. The last part is, according to the results, the conclusion and suggestion based on the results for reference.This paper’s innovation points can be summarized as roughly:firstly, from the angle of the combination of dynamic and static analyzing the industrial correlation effect of the financial sector, more detailed than the previous analysis; secondly, comparative analysis on the industrial connection effect of the financial sector in two different methods, concluded that more rigorous conclusions. The weakness is in that, firstly, this paper only consider our own financial sector, ignore area financial sector, secondly, during the analysis, we take the financial sector as the whole, not subdivide it into pieces, bring inconvenience with the internal industry of it, the third is the data collection of hysteresis, update not in time. The general conclusions maybe input-output method is suitable for analyzing from the static angle and the overall situation of finance industry correlation effect, while grey system method is suitable from a dynamic point of view and analysis of industrial sub-sectors of the financial industry correlation effect, The financial sector and the second, the third industry and the subdivision of industry correlation effect is better, The financial industry and the first industry and the segmentation industry association effect is weak.