An Analysis of the Economic Effects of Logistics Industry through I-O Table: Focusing on China’s logistics industry

Abstract

The purpose of this study is to make econometric analysis on the economic effects of China’s logistics industry by using the China industry association table, and provide help for the promotion of China’s logistics industry policy in the future. For this reason, 17 industrial fields, including 5 fields of transportation equipment and 12 fields of transportation service industry, are classified as logistics industry in the 2020 industrial association table issued by the China Bureau of statistics in 2022, and the industrial association table of China’s logistics industry for all 28 industries is compiled and analyzed. The analysis results show that, first of all, the production inducement coefficient of China’s logistics industry is 2.7956, and the line cooperation coefficient is 4.6270, indicating that China’s logistics industry is a basic strategic industry supporting the development of national economy. Second, the influence coefficient (backward chain effect) of China’s logistics industry is 1.0466, and the sensitivity coefficient (forward chain effect) is 1.7322, both greater than 1. China’s logistics industry is an intermediate demand manufacturing industry. Third, the final demand of China’s logistics industry is 8382 billion yuan for input into the national economy. The total production induced amount is 626916.8 trillion yuan (38783.5 trillion yuan, 6.2%) and the value-added induced amount is 224227.75 billion yuan (13718.8 trillion yuan, 6.1%) respectively. The income induced amount is 11420.4 trillion yuan (691.34 billion yuan, 6.1%) respectively, The induced amount of production tax is 23469.2 billion yuan (1379.3 trillion yuan, 5.9%) in the logistics industry. Fourth, China’s logistics industry has a total of 30627 labor inducing effects, including 849 direct labor inducing personnel and 29778 indirect labor inducing personnel, showing its role as an employment creating industry.