Logistics Industry Influence On Economic Development In Hebei Province

Modern logistics industry has lower resource consumption,improve labor productivity.Natural resources and human resources as two major profit source in the field of mining potential is smaller and smaller,so more and more manufacturing enterprises,industrial and commercial enterprises by reducing logistics cost,to promote the improvement of corporate profits.The current logistics industry development is only in its infancy,there is a variety of problems,such as high logistics costs,infrastructure construction is not perfect and so on.It restricts the development of regional economy,so the development of logistics industry is imminent.This paper mainly study the influence of the logistics industry to regional economic development in Hebei province.In first,the related theory of logistics and regional economy has carried on the brief overview.Secondly introduces the current situation of economy and the development of the logistics industry in Hebei province,analysis Hebei economy with SWOT,Analysis of the achievements of the logistics industry and the existing shortcomings.Again to select logistics network mileage,freight turnover,the added value of the logistics industry as the logistics industry development index,per capita GDP and the economic structure deviation ratio as the index of the regional economic development,taking the cointegration test,impulse response function and variance decomposition.Results show that the development of logistics industry and regional economy,there exists a positive correlation when the added value of logistics,every 1%increase per capita GDP growth of 0.795882%,the economic structure deviation ratio decreased by 0.173627%.But after the analysis of granger causality test shows that the logistics industry in Hebei are still attached to the development of economy,the logistics industry pull effect on the economy is not obvious.The need to strengthen the construction of the logistics industry.At the end of the paper put forward the policy suggestion of the construction of the logistics industry in Hebei province,including the transformation of traditional idea,the development of the third party logistics,increase investment in infrastructure and so on.