Flow of goods to the shock of COVID-19 and toll-free highway policy: Evidence from logistics data in China

Da Fang and Yan Guo

Research in Transportation Economics, 2022, vol. 93, issue C

Abstract: Using high-frequency logistics data from China, this paper quantitatively examines the negative impact of the COVID-19 pandemic on logistics. Meanwhile, our research focuses on the toll-free highway policy during the COVID-19 pandemic, analyzing the promoting effect of this policy on road freight in China. Three main conclusions are drawn from the study. Firstly, the COVID-19 pandemic led to an average daily drop of 0.67% in road freight volume and an increase of 0.48% in logistic cost compared to the pre-pandemic period. Secondly, the toll-free highway policy had a significant offset effect of pandemic on freight volume and price, stimulating the resumption of work and production. However, the dynamic effect shows that the toll-free highway policy is only temporarily effective rather than the long term. Thirdly, the effectiveness of the toll-free highway policy is moderated by the severity of the epidemic and the transportation distance. This paper contributes to research on economy recovery and transportation policy under the COVID-19 pandemic shock.

Keywords: COVID-19 pandemic; Logistics; Lockdown policy; Toll-free highway policy (search for similar items in EconPapers)
JEL-codes: L92 O53 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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DOI: 10.1016/j.retrec.2022.101185

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