Along with the government`s policy for the logistics industry growth, the recognition on the significance of the logistics industry in the national economy has been growing ever more. Nonetheless, previous studies have mostly focused on cost aspects s...
Along with the government`s policy for the logistics industry growth, the recognition on the significance of the logistics industry in the national economy has been growing ever more. Nonetheless, previous studies have mostly focused on cost aspects such as the relationship between national logistics cost and GDP or the analysis of national logistics cost factors, leaving the crucial analysis on the logistics industry market size virtually in a vacuum. Therefore, from a profit perspective, this research intends to analyze the causal relationship between logistics industry market size and its growth factors including trade volume and related investment through vector error correction model tests. Through these analyses, we aim at providing policy directions for the national logistics industry growth and a basic framework for conducting the in-depth research on the logistics industry in the future.