Logistics industry, being the modern industry integrating information, forwarding, warehousing, and transportation, plays an important role in optimizing the industrial structure in regional economic development. There have been many experts and scholars interpreting the relationship between the level of regional economy and logistics industry from the aspect of econometric model. Referring to existing research results, Panel Vector Autoregressive Model and Factor Analysis are applied to study panel data of 5 coastal provinces in past 20 years and construct relevant indicators reflecting logistic competitiveness, the level of regional economy, and degree of openness in order to explore the linkage effect between logistic competitiveness and the level of regional economy. The results suggest that the 5 coastal provinces can merely achieve the long-term and steady development of regional economy by moving towards the linkage development between logistic industry and manufacturing industry.
Continuing divergence after the crisis: long-term regional economic development in the United Kingdom
