Empirical Study On The Relationship Between Logistics Industry And Economy Growth

As an advanced forms of organization and management technology, Logistics is widely considered to be the important source of profits beside lowering the cost of materials and improving labor productivity in the enterprises. Along with the progress of technology and the rapid development of the network spending, logistics, as a traditional industry, glow of vitality. the logistics industry's role in the national economy has become increasingly important, and gradually become a major industry in the national economy and the new economic growth. For optimizing the allocation of resources, and improving the quality of economic operation and promoting the country's economic growth pattern, Accelerating the development of the logistics industry has very important significance.This paper first undertook a review of related theories on the logistics and economic growth. on the basis of analyzing and summing up the Previous studies of literature, we belive that modern logistics and economic growth make an effect on each other.Modern logistics stimulate economic growth and economic growth contribute to the development of logistics.In the present situation of the Chinese logistics industry development, The third part of the paper introduces the establishment and development of our country logistics statistics accounting system and some main logistics statistical indicators.The next part of the paper make an empirical analysis on the impact between the supply and demand of the logistics development and the economic growth.We use fixed asset investment in logistics industry for describing the logistics capacity and select the total social logistics as the logistics demand index and select GDP as a measure of economic growth rate indicators.After establishing a vector auto-regressive (VAR) model, using the impulse response function and variance decomposition,the paper analyze the relationship among the logistics supply and demand and the economic growth in a dynamic perspective.The conclusion is that economic growth and fixed asset investment in logistics industry have a significant role to promote each other and the role period is much long and durable.Between the economic growth and total social logistics, economic growth can significantly promote the total social logistics, but the total social logistics impact on economic growth is temporary. From the point of the Logistics industry supply capacity, the gradual improvement of logistics infrastructure, logistics supply capacity has been improved to a certain extent, so as to provide a prerequisite for security and to stimulate economic growth. The rapid economic growth in turn will enhance the investment in fixed assets in the logistics industry and promote the improvement of logistics infrastructure. From the perspective of the development of logistics demand, the economy will bring a huge increase in the total logistics needs, resulting in an urgent requirement for the development of modern logistics, while rapid economic growth will promote the development of modern logistics.The fifth part selects the added value of logistics industry as a indicator measuring logistics industry market size and makes an analysis in the interaction between added value of logistics industry and economic growth. The results show that the added value of logistics industry has less impact on the economic growth. But the economic growth has a big effect on added value of logistics industry. These are consistent to the Grainger causality test of the added value of logistics industry and economic growth. Therefore, we should focus on increase the proportion that the added value of logistics industry occupies gross domestic product. The development of the logistics industry and economic growth presents the mutual, harmonious and joint development trend. At the end of the paper the author make a conclusion and point out some on research directions about the relationship between China's logistics industry and economic growth in the future.A country's level of development of the logistics industry, reflects the country's comprehensive national strength and competitiveness of enterprises. As China's logistics industry continuing to grow, China's economic growth is increasingly dependent on logistics. But compared with developed countries and other regions, China's logistics industry still exists many problems. Therefore, we must recognize the status and the lack of China's logistics industry and guide logistics industry healthy, efficient development to improve the economic growth.