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KMID : 1022120200220020223
Health and Welfare
2020 Volume.22 No. 2 p.223 ~ p.246
The Integration of Development of Information Industry and Pension Service Industry Using Grey Relational Analysis(GRA) : The Case Study of Handan City, China
An Xin

Kim Dong-Joo
Du Lixia
Abstract
The integration of the information and the pension industry has become a new growth point for the regional economy of Handan City. When achieving deep integration, it is necessary to analyze the fusion mechanism and measure the level of integration accurately. Due to the full range of the pension industry and the lack of large-scale representative enterprises, comprehensive technical information collection is formidable. Therefore, the grey relational analysis method is selected to establish the fusion level measurement model. According to the 2011-2017 Statistical Yearbook of Handan city in China, eight related industries had been selected as a reference series. An Excel 2016 program calculation was to be used to complete the empirical research. According to the results, the average level of integration of 8 related industries of Handan city in China is 0.74913, of which the information industry and the pension industry are 0.64909, ranking seventh. The low level of integration between the information industry and the Pension industry is highly likely to impede regional economic growth. In this study, the Grey Relational Analysis showed that the level of integration between the information industry and the pension industry in China was identified and that it was still in the early stages of integration. It also presented policy alternatives to speed up the development of industry integration in terms of consumer, market and technological improvement, and system innovation.
KEYWORD
Information industry, Pension industry, Industrial integration, Grey Relational Analysis
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