Panel data model of development difference of hi-tech industry of China

using the panel data model to explore the difference of hi-tech industry development and its influence to local economy. The research indicates that the local financial income has a obvious positive correlation with the import and export volume of hi-tech products, i.e., the hi-tech industry plays a stimulating role in promoting local economy and increasing local financial income, however, the development of hi-tech industry is not coordinated. The investment of local technology is able to promote the development of local hi-tech industry and increase local financial income and stimulate the development of local development, nevertheless, the efficiency of investment and output is low, unable to fully exert the pulling effect of hi-tech industry.