Korea Trade Review (무역학회지)

Korea Trade Research Association (한국무역학회)
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Panel Analysis of Relationship Between Regional Logistics Industry and Economic Growth in Korea

지역물류산업과 경제성장의 관계에 대한 패널분석

  • Choi, Bong-Ho (Department of Internatioal Trade, Dongeui University) ;
  • Lee, Gi-Whan (Internatioal Trade, Pusan National University)
  • Received : 2019.03.31
  • Accepted : 2019.04.19
  • Published : 2019.04.30
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Abstract

The purpose of this study is to investigate the causal relationship between the logistics industry and the economic growth in Korea, and to provide implications for the contribution of the logistics industry to economic growth. Unlike Previous Related Studies, we derive short-term and long-term effects through dynamic panel analysis such as panel Granger causality test and impulse response function estimation using panel vector error correction model. The results of the empirical analysis are as follows: Labor input of the logistics industry has the greatest positive impact on economic growth. And capital input and total sales of the logistics industry have a negative effect on economic growth. This means that Korea's logistics industry features labor-intensive growth. In addition, We have also found that the growth (sales) and capital input of the logistics industry have not yet had a direct positive impact on economic growth. Therefore, the results of this analysis provide implications for the direction of logistics industry policy to enhance contribution of the logistics industry to economic growth.

Keywords

Acknowledgement

This research was supported by a National Research Foundation of Korea Grant funded by the Korean Government 2018(NRF-2018S1A5A2A010373)

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