Academic Journal of Business & Management, 2022, 4(7); doi: 10.25236/AJBM.2022.040704.
Lv Ning
School of Mathematics and Statistics, Qujing Normal University, Qujing, China
This paper takes the relationship between the development level of logistics industry and economic growth in Mianyang City as the research object. Firstly, the mechanism of the interaction between the logistics industry and economic growth is discussed. Secondly, the data of the logistics industry development level and economic development level in Mianyang City from the year 2005 to 2020 are selected, and after logarithmic processing, single integration and co-integration tests are carried out. The test results show that there is a co-integration relationship between the two. Then, the least square method is used for regression. The results show that the development of logistics industry has strong positive effects on economic development. What’s more, in order to further analyze the influence of the logistics industry lag period on the current economic growth, a VAR model is introduced and an impulse response analysis is made. The results indicate that the logistics industry lag period one has a negative impact on the economic development of the current period. No matter which stage of economic growth, it has little impact on the development of the logistics industry. This means that the government should increase the investment and construction in the logistics industry.
Mianyang City, Economic Growth, Logistics Industry, Relationship
Lv Ning. Study on the Relationship between Logistics Industry Development and Economic Growth in Mianyang City. Academic Journal of Business & Management (2022) Vol. 4, Issue 7: 22-26. https://doi.org/10.25236/AJBM.2022.040704.
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