Abstract
This paper evaluates the impact of the development of the logistics industry on economic growth based on panel data of 21 cities in Guangdong Province in China from 2007 to 2019. Using the overall entropy method, the comprehensive development index of the logistics industry is constructed to capture the performance of the logistics industry. On this basis, by using Moran’s index, we measure the spatial agglomeration effect of the logistics industry. Furthermore, direct and spatial spillover effects are also obtained. The estimation results of the spatial Durbin model (SDM) reveal that the elasticity coefficient of the effect of the comprehensive development level of the logistics industry on economic growth is 0.2590, which is significant at the 1% level. In addition, the coefficient of the direct effect of the logistics industry on local economic growth is 0.4074, and the coefficient of the spatial spillover effect on the economic growth of the surrounding areas is 0.3596, which are both significant at the 1% level. These results indicate that the development of the logistics industry can not only improve local economic growth but also promote the economic growth of the surrounding regions.
Highlights
As a future development direction of the logistics industry, the smart logistics industry has been highly valued by the government and enterprises. e State Council of China has issued “Made in China 2025” and “ e efficient logistics implementation opinion of Internet plus.” ese two documents proposed that the smart logistics industry will be the force of industrial changes and economic development in China
The Pearl River Delta economic zone will have more frequent trade exchanges with Hong Kong, Macao, and overseas. Regions such as northern Guangdong should seize the opportunity to establish links with the Pearl River Delta economic zone. en, what is the effect of the cross-regional cooperation of the logistics industry in the Pearl River Delta economic zone? Has the logistics industry significantly promoted the growth of the regional economy? Does the development of the logistics industry in local regions have a spillover effect on the economic development of surrounding regions? What are the remaining problems? ese questions will be the focus of this article
Complexity influence and spillover effect of the comprehensive development level of the logistics industry on regional economic growth from the perspective of spatial econometrics. e results show that the comprehensive development level of the logistics industry presents typical spatial agglomeration characteristics. e logistics industry can promote the economic development of the region and have certain spatial spillover effects on the surrounding areas, which is the strategic pattern of accelerating the optimization of the layout of the logistics industry and coordinated development
Summary
Tang and Ding [16] empirically assessed the spatial spillover effect of logistics industry agglomeration and financial development on economic growth at the provincial level by using panel data in China. There is no research on the spatial effect of the logistics industry on economic growth based on the empirical evidence of specific regions and from the perspective of spatial measurement. Based on the panel data of 21 cities in Guangdong Province from 2007 to 2019, this paper analyzes the degree of spatial clustering of logistics industry development in Guangdong Province using spatial measurement and analyzes the spatial spillover effect of logistics industry development on economic growth by using the spatial Durbin model
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