 Logistics and economic development: Experience from ChinaHooi Hooi Lean (), Wei Huang and Junjie Hong Transport Policy, 2014, vol. 32, issue C, 96-104 Abstract: Based on the most updated available data on Chinese logistics and economy, we use the dynamic structural model to test the relationship between logistics development and economic growth in both the short and long run from a total output, demand and disaggregate output perspective. The joint short and long-run causality test shows that economic growth Granger-causes logistics output, implying that economic development causes more demand for logistics services and hence leads to logistics development. Land transport infrastructure Granger-causes the economic growth with a feedback effect. Another interesting finding is that railway transport unidirectionally Granger-causes the development of roadway and waterway transport, implying that the railway plays a key role in the transport network in China thus far. However, this trend may not continue in the future as the administrative functions of the Ministry of Railway were merged into Ministry of Communications in early 2013. The policy implications are given at the end of the paper. Keywords: Logistics; Economic development; China (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:trapol:v:32:y:2014:i:c:p:96-104 Ordering information: This journal article can be ordered from DOI: 10.1016/j.tranpol.2014.01.003 Access Statistics for this article Transport Policy is currently edited by Y. Hayashi More articles in Transport Policy from Elsevier |
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