Analysis of the relationship between the development of logistics industry and the evolution of global economic regions

Abstract

This paper selects the data of 26 hot global economic regions from 2000 to 2010, and through panel unit root and the co-integration test, systematically studies the relationship between the development of logistics industry and the evolution of international economic regions. The study concludes that the development of logistics industry is closely related to the concern degree of regional economy, and there is a long-term and stable equilibrium in between. Finally, it points out that China’s logistics enterprises should expand their market among emerging developing countries, including any important results found or conclusions drawn. This paper will play a guiding role in logistics enterprises in China; they should expand the international market and extend services to such emerging developing countries. However, regarding how to choose a more accurate index, the model needs further research.

Keywords:

• logistics
• economic region
• panel data

Notes

1. Autoregressive model.

2. Levin-Lin-Chu.

3. Im, Pesaran, and Shin W-stat.

4. Augmented Dickey–Fuller.

5. Phillips & Perron.