Logistics network and economic development in China

다국어 초록 (Multilingual Abstract)

Logistics network has been increasingly acknowledged as one of the important driving force foreconomic development in China. With the scope of logistics effect broadening and the developmentof logistics infrastructure, both logistics network and economy in terms of GDP in China hasexperienced rapid development hand in hand.
This paper investigates the relationship between logistics network and economic growth, using adataset covering 31 provinces over the period from 2003 to 2012 in China. Factor analysis is appliedto obtain a total evaluation of logistics function defining the impact of logistics network onthe national economy growth. According to fixed effect panel data approach, a significant and positiveimpact of logistics network on economic growth in China is found, meanwhile, a comparativeanalysis regarding economic development between coastal provinces and interior provinces is alsoconducted. The results suggest that the impact of logistics network on economic growth is higherin eastern provinces than that in western provinces. The policy implication for other nations, inparticular for developing nations, is logistics network should be regarded as an important drivingforce for economic development, and investment should be made in advance to achieve the bestefficiency in economic development and planning.

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