Study On The Relationship Between The Logistics Infrastructure Investment And Economic Growth

With economic globalization, the world economy increasingly fierce competition, the logistics industry receives more and more people’s attention. From the1990s, there are little man understand that what the logistics is,up to now, logistics has been recognized as the foundation of economic activity and arteries. Both the economic development of modern logistics industry is based on promoting economic growth agent. It has lower transaction costs, optimize the industrial structure, to help emerging industries and urban centers and other strategic role in the formation. The logistics infrastructure is a necessary condition for the development of modern logistics, but also to achieve economic take-off of an essential prerequisite.Triggered by the U.S. subprime mortgage crisis, the financial crisis sweeping the globe. in order to withstand the financial crisis, the Chinese government implemented a proactive fiscal policy, introduced ten measures to expand domestic demand. One is to speed railways, highways and airports and other major transportation infrastructure. July24,2013, China Railway Corporation issued in2013the first phase of China’s railway construction bonds, issue20billion total. According to the National Development and Reform Commission plan, in2013, China’s railway construction bonds issued will reach150billion yuan for Harbin to Qiqihar Railway Passenger railway construction projects such as73, which indicates that the railway infrastructure projects and other matters relating to the rolling stock tender in full swing, railway construction picking up again. As the state of logistics infrastructure investment has intensified, logistics infrastructure investment Has become a hot topic, logistics infrastructure investment on economic growth has also become the focus of research scholars.This article in accordance with the "theory-Analysis-Qualitative Analysis Quantitative Analysis-Policy Recommendations" of ideas, starting with analysis of China’s logistics infrastructure investment to promote economic growth of the two mechanisms:stimulating effect of forward and backward ripple effect. Major role in driving forward analysis of the logistics infrastructure construction process, from an investment point of view, logistics infrastructure has a multiplier efficiency, and increased related industries, such as steel, cement, heavy machinery and other industry needs, effectively pulling these development of the industry, thus contributing to economic growth; ripple effect after the main use of the system dynamics analysis of the modern logistics industry and economic growth between the mechanism of action, while the use of simulation data,2005-2011, drawn logistics infrastructure built, you can ease the logistics supply bottlenecks, reduce the cost of economic activity, support economic development conclusion.This paper based on a quantitative point of error correction model to analysis of the relationship between China’s logistics infrastructure investment and economic growth.Measure out of China’s logistics infrastructure investment and GDP elasticity and short-term readjustment. The conclusion that China’s logistics infrastructure investment and economic growth exists the long-term stable relationship, and the logistics infrastructure stocks have begun to play its role, indicating that China’s logistics infrastructure has reached a certain scale.