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An Empirical Study on the Correlation Degree between Chinese Logistics Industry and Economic Development Base on Grey Theory

Hong Mo, Baorong Wang

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Abstract

In the background of the rapid development of the logistics industry in China, this paper constructs grey correlation analysis model for the compound system, carries on the empirical analysis to the correlation between logistics industry and economic development in China. The result indicates that the correlation degree is quite good, but according to the analysis we come to the conclusion that the state investment in fixed assets on logistics is low and logistics infrastructure has been one main factor to hinder the development of logistics industry in China. In the end, this paper puts forward some feasible suggestions based on previous analysis.

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What this paper is about

In the background of the rapid development of the logistics industry in China, this paper constructs grey correlation analysis model for the compound system, carries on the empirical analysis to the correlation between logistics industry and economic development in China. The result indicates that the correlation degree is quite good, but according to the analysis we come to the conclusion that the state investment in fixed assets on logistics is low and logistics infrastructure has been one main factor to hinder the development of logistics industry in China. In the end, this paper puts forward some feasible suggestions based on previous analysis.

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Available abstract

In the background of the rapid development of the logistics industry in China, this paper constructs grey correlation analysis model for the compound system, carries on the empirical analysis to the correlation between logistics industry and economic development in China. The result indicates that the correlation degree is quite good, but according to the analysis we come to the conclusion that the state investment in fixed assets on logistics is low and logistics infrastructure has been one main factor to hinder the development of logistics industry in China. In the end, this paper puts forward some feasible suggestions based on previous analysis.

Key concepts: China, Empirical research, Industrial organization, Business, Economic base analysis, Investment (military), Degree (music), Economics

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