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A study on the dynamic comparison of logistics industry’s correlation effects in China

Author

Listed:
  • Shaohua Yi

    (Circulation Industry, Financial Strategy Institute, Chinese Academy of Social Sciences)

  • Jie Xie

    (Zhejiang Gongshang University)

Abstract

Background Entering the middle and late period of 1990s, the logistics industry has been keeping high-speed growth along with China’s continuously increasing economic level. As a basic and strategic industry, the logistics industry is closely linked with and influenced by other industries while influencing them. It plays an irreplaceable role in ensuring smooth operation of the national economy and satisfying the demand of consumers. Its development level directly affects that of the national economy. Methods With input-output tables from 1997 to 2010, the input-output model was used to measure the association effect between the logistics industry and its related industries and to calculate the dynamic degree of influence logistics industry exerts on relevant industries at the different periods. Results According to the input-output analysis, we found results as follows. (1) the status of logistics industry remains to be further promoted. (2) The logistics industry turns into one with “low added value and strong leading force.” (3) Industrial logistics is the main trend while logistics of service industry change. (4) The logistics industry is closely linked with the second industry. Conclusions To promote the sustained healthy development of logistics industry and give full play to the role of logistics industry in the national economy, the authors then put forward countermeasures and suggestions: (1) Develop third-party logistic in order to promote the socialization and specialization level of logistics distribution. (2) Speed up the development of electronic business logistics, set up reasonable layout of transportation infrastructure, and build entitative logistics network. (3) Accelerate the logistics informatization and standardization and improve management and service levels of logistics enterprises.

Suggested Citation

  • Shaohua Yi & Jie Xie, 2017. "A study on the dynamic comparison of logistics industry’s correlation effects in China," China Finance and Economic Review, Springer, vol. 5(1), pages 1-26, December.
    • Handle: RePEc:spr:chfecr:v:5:y:2017:i:1:d:10.1186_s40589-017-0059-x
    DOI: 10.1186/s40589-017-0059-x
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    Citations

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    Cited by:

    1. Neeraj Singhal, 2021. "An Empirical Investigation of Industry 4.0 Preparedness in India," Vision, , vol. 25(3), pages 300-311, September.
    2. Tan, Jianhua & Wang, Xiongyuan & Chan, Kam C., 2020. "Does a national reform of a logistics system matter in corporate cash management? Evidence from logistics service standardization in China," Pacific-Basin Finance Journal, Elsevier, vol. 63(C).
    3. Tan, Jianhua & Yan, Lina & Chan, Kam C., 2020. "The impact of the logistics service standardization on firm value: Evidence from China," The North American Journal of Economics and Finance, Elsevier, vol. 52(C).

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