The Impact of Logistics Industry Development on Resident Consumption: An Empirical Analysis Based on Chinese Macro Data

Abstract

Logistics has become an integral part of the market economy, influencing the development of various industries and serving as an essential component of peoples lives. Against the backdrop of global economic downturn following the COVID-19 pandemic, understanding the effects of Chinas logistics industry development on resident consumption becomes crucial. This paper employs a simple linear regression model and utilizes provincial panel data from 2005 to 2022 to explore the impact of logistics industry development on resident consumption in China. Furthermore, it employs heterogeneity analysis methods to study this relationship from different regional, temporal, and consumption perspectives. The findings of this study reveal that (1) there is a positive relationship between logistics industry development and resident consumption, (2) the effect of logistics industry development on increasing resident consumption levels is most significant in the eastern region of China, (3) the positive impact of Chinas logistics industry development on resident consumption increased after the introduction of free shipping by Taobao in 2008, and (4) the positive impact of Chinas logistics industry development on rural consumption is greater than that on urban consumption.