Co-integration Model of Logistics Infrastructure Investment and Regional Economic Growth in Central China

Hu, Kai; Gan, Xiaoqing; Gao, Kuo

doi:10.1016/j.phpro.2012.05.170

Cited by 15 publications

(9 citation statements)

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“…However, past studies provided mixed empirical findings on the relationship between transport infrastructure and economic performance. A group of studies found that transport investment improves productivity and economic performance (2)(3)(4)(5)(6)(7)(8). For example, Tong et al used vector autoregression models to investigate the relationships between transport infrastructure, economic output, and international trade in the United States (8).…”

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confidence: 99%

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Transport Infrastructure and Macroeconomic Performance in European Countries

Chi

2015

Transportation Research Record

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The share of investment in transport infrastructure of the gross domestic product (GDP) has risen substantially in central and eastern European countries, and the effectiveness of public investment in transport infrastructure to improve economic performance is receiving increasing attention. This paper explores the dynamic impact of transport infrastructure on employment, GDP, exports, and industry production in European countries. With the use of data from 1995 to 2010, the paper analyzes the causality among variables in a dynamic panel framework. The results reveal that transport infrastructure and macroeconomic indicators are cointegrated and a significant unidirectional causal relationship exists from public investment in transport infrastructure to economic performance. The findings of this paper support the traditional notion that an increase in government spending on transport infrastructure contributes to economic growth. More specifically, the paper finds that transport infrastructure is a forcing variable of economic output and exports of European countries. Examination of the economic impacts of transport infrastructure between developed and developing economies shows that economic performance of central and eastern European countries is more sensitive to a change in investment in transport infrastructure than that of Western European countries. A major policy implication of these findings is that expanding transportation infrastructure could be an effective fiscal policy tool to boost economic performance of developing European economies.

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confidence: 99%

“…Their results suggested that substantial economic growth in India could be derived from the expansion of transport infrastructure. Hu et al also found that investment in logistics infrastructure, logistics value-added, and GDP are cointegrated in central China and that the Granger infrastructure investment causes the regional economic growth (5).…”

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confidence: 99%

Transport Infrastructure and Macroeconomic Performance in European Countries

Chi

2015

Transportation Research Record

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“…The co-integration analysis of logistics infrastructure investment and regional economic growth in central China shows that the investment in fixed assets for the logistics industry will contribute to regional economic growth. This increased growth of logistics will improve and promote the fixed assets investment in the economy [28]. The economic growth may also impact the logistics industry through the relationship between FDI inflows and the logistics sector of the economy [29].…”

Section: Literature Reviewmentioning

confidence: 99%

Effect of Economic Growth on the Logistics Sector in India

Malhotra¹

2019

TEL

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Purpose: The aim is to attempt to explore the effect of selected economic growth indicators on the net profits in the logistics sector in India. Methodology: The research type used is causal research. The data are collected for the period of 1991-92 to 2016-17 from CMIE, RBI and government websites. The paper tries to establish the relationship among the independent variables such as the change in taxes, change in inflation rate and the change in GDP of Indian services sector on the dependent variable as profits of the Indian logistics industry. Findings: Results indicate that the tax expenses and inflation rate have a negative impact on the profit of logistics sector whereas the change in GDP service sector has a positive impact on the profit of the logistics sector. However, GDP service sector affects the profit of transportation industry less than the impact in comparison to the tax rate and inflation. Originality: This study provides the foundation for future research in the logistics sector. In today's globalization and digitalization and with the advent of tax reforms like GST, this research is relevant with regard to determining the effect of taxation, inflation, and GDP on the logistics sector in India.

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“…However, it was also identified that the effect of logistics investments on growth was higher in underdeveloped continental provinces in China when compared to coastal provinces. Hu et al (2012) investigated central regions of China for 1986-2007 with time series and granger causality test. It was found that factors such as increasing logistics investments, optimization of environmental factors for investments, increasing the logistics capacity and reduction of logistics costs would develop the logistics industry even further.…”

Section: Literature Reviewmentioning

confidence: 99%

“…It was found that logistic infrastructure investments played a significant role in economic growth in more developed regions; however this effect was less significant in less developed regions. Hu et al (2012) investigated correlation between logistic infrastructure investments and regional economic growth was scrutinized in central China. They used times series analysis.…”

Section: Literature Reviewmentioning

confidence: 99%

The Impact of Logistics Industry on Economic Growth: An Application in OECD Countries

Sezer¹,

Abasız²

2017

EJSS

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The most significant elements that enable us to understand economic growth and development levels of nations are economic indicators of the country of interest. As much as these indicators have positive and high values, they affect the economic, social, psychological and cultural texture of the nation positively. These effects increase the culture, living and welfare levels of the individuals in the society. Logistics is one of the tools that play an important role in the change and improvement of economic indicators. Logistics industry provides significant macro contributions to national economy by creating employment, and creating national income and foreign investment influx. On the micro scale, logistics industry is a key industry in increasing the competitive power of corporations. Furthermore, the logistics industry has an important mission in revitalizing and improvement of the competitiveness of other industries. Today, all industries are dependent on logistics sector. The present study aimed to investigate how the logistics variables of transportation and communication affected economic growth in 34 OECD countries. The effect of both transportation industry variables and communication industry variables that form the logistics industry on the increase in per capita income in OECD countries was identified.

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Co-integration Model of Logistics Infrastructure Investment and Regional Economic Growth in Central China

Cited by 15 publications

References 1 publication

Transport Infrastructure and Macroeconomic Performance in European Countries

Transport Infrastructure and Macroeconomic Performance in European Countries

Effect of Economic Growth on the Logistics Sector in India

The Impact of Logistics Industry on Economic Growth: An Application in OECD Countries

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