An Empirical Analysis of Relationship Between Science & Technology Inputs and Economic Growth of Shandong Province

There is close relationship between science & technology inputs and economic growth. Based on the data of science & technology input and economic growth of Shandong province, firstly the paper makes the gray correlation analysis on the economic growth and science & technology inputs of Shandong province and then builds econometric models for further study. The paper analyzes and compares the contribution rate of science & technology inputs to economic growth of Shandong province and China. Of that, there is the closest relationship between economic growth and science & technology activities, followed by economic growth and science & technology activities expenditures, again, is R&D expenditures. Finally the paper calculates the contribution rate of science & technology inputs to economic growth of Shandong province.