- Log In/Sign Up
- P-ISSN1738-3110
- E-ISSN2093-7717
- SCOPUS, ESCI
ISSN : 1738-3110
How do Energy Consumption, Economic Growth and Logistics Development Interrelate?
Abstract
Purpose: Because the energy consumption, economic growth and logistics development are still the heated topics which have attracted many scholars' interests. Therefore, this paper attempts to analyze the effect of logistics development on the economic growth, explore the effect of the economic growth on energy consumption and to discuss the effect of the logistics development on energy intensity. Research design, data and methodology: Using the panel data over the period 2000-2017 of 156 countries and employing the country & year fixed effect model, system generalized method moments and random effect model, the empirical analyses of this propositions are performed. Results: The empirical findings present that the logistics development is positively related to the economic growth. The energy consumption in the t-1 period and economic growth are positively related to the current energy consumption. The logistics development is negatively related to the energy intensity. Meanwhile, the empirical findings also indicate that there is a great difference about these effects among the four sub-samples (low income 18 countries, low middle income 49 countries, upper middle income 44 countries, high income 49 countries). Conclusions: Based on the evidences in this paper provided, we can find that these variables can affect each other.
- keywords
- Energy Consumption, Economic Growth, Logistics Development, Country &, Year Fixed Effect Model, System Generalized Method Moments
Reference
Akinlo, A. E. (2008). Energy consumption and economic growth: Evidence from 11 Sub-Sahara African countries. Energy economics, 30(5), 2391-2400.https://doi.org/10.1016/j.eneco.2008.01.008
Aqeel, A., & Butt, M. S. (2001). The relationship between energy consumption and economic growth in Pakistan. Asia-Pacific Development Journal, 8(2), 101-110.
Asafu-Adjaye, J. (2000). The relationship between energy consumption, energy prices and economic growth: time series evidence from Asian developing countries. Energy economics, 22(6), 615-625. https://doi.org/10. 1016/S0140-9883(00)00050-5
Bhattacharya, M., Paramati, S. R., Ozturk, I., & Bhattacharya, S. (2016). The effect of renewable energy consumption on economic growth: Evidence from top 38 countries. Applied Energy, 162, 733-741. https://doi.org/10.1016/j.apenergy.2015.10.104
Cao, C. Z, & Zhao, G. H. (2015). Regional Logistics Development, Economic Growth and Energy Consumption: Provincial Data Analysis in China. Finance and Trade Research, 26(2), 44-52.
Cholette, S., & Venkat, K. (2009). The energy and carbon intensity of wine distribution: A study of logistical options for delivering wine to consumers. Journal of Cleaner Production, 17(16), 1401-1413. https://doi.org/10.1016/j.jclepro.2009.05.011
Chu, Z. (2012). Logistics and economic growth: a panel data approach. The Annals of regional science, 49(1), 87-102. doi: 10.1007/s00168-010-0434-0
Dai, Y., & Gao, H. O. (2016). Energy consumption in China’s logistics industry: A decomposition analysis using the LMDI approach. Transportation Research Part D: Transport and Environment, 46, 69-80. https://doi.org/10.1016/j.trd.2016.03.003.
He, Y., & Feng, W. (2019). A Study on the Determinants of Income Distribution: Evidence from Macroeconomics. Journal of Distribution Science, 17(1), 21-31. http://dx.doi.org/10.15722/jds.17.01.201901.21
Kuzu, S., & Ö nder, E. (2014). Research into the long-run relationship between logistics development and economic growth in Turkey. Journal of Logistics Management, 3(1), 11-16. doi: 10.5923/j.logistics. 20140301.02
Lean, H. H., Huang, W., & Hong, J. (2014). Logistics and economic development: Experience from China. Transport Policy, 32, 96-104. https://doi.org/10.1016/j.tranpol.2014.01.003.
Lee, C. C., & Chang, C. P. (2007). The impact of energy consumption on economic growth: Evidence from linear and nonlinear models in Taiwan. Energy, 32(12), 2282-2294. https://doi.org/10.1016/j.energy.2006.01.017
Li, K. X., Jin, M., Qi, G., Shi, W., & Ng, A. K. (2018). Logistics as a driving force for development under the belt and road initiative–the Chinese model for developing countries. Transport Reviews, 38(4), 457-478. https://doi.org/10.1080/01441647.2017.1365276
Li, P. (2013). Energy consumption and China economic growth--Empirical analysis based on the dynamic panel data. Economic Management Journal,12,(1) 1-10.
Liu, S. (2009). A research on the relationship of logistics industry development and economic growth of China. International Business Research, 2(3), 197-200.
Mehrara, M. (2007). Energy consumption and economic growth: the case of oil exporting countries. Energy policy, 35(5), 2939-2945. https://doi.org/10.1016/j.enpol.2006.10.018
Munim, Z. H., & Schramm, H. J. (2018). The impacts of port infrastructure and logistics performance on economic growth: the mediating role of seaborne trade. Journal of Shipping and Trade, 3(1), 1-19. https://doi.org/10.1186/s41072-018-0027-0
Ocal, O., & Aslan, A. (2013). Renewable energy consumption–economic growth nexus in Turkey. Renewable and sustainable energy reviews, 28, 494-499.https://doi.org/10.1016/j.rser.2013.08.036
Wang, A. (2010). Research of logistics and regional economic growth. iBusiness, 2(04), 395-400.
Wenjie, Z. (2002). Regional economic development and modern logistics. China Business and Market, 12(1), 12-14.
Yang, Z. L., Zhang, L, & Chen, X. L. (2009). Cointegration test for regional logistics, energy consumption and economic growth. Logistics Technology, 24(6), 1-2. doi: 10.1061/41139(387)173
Ying, L., & Lunning, R. (2008). Empirical research on regional logistics and regional economic growth: a panel unit toot & panel cointegration analysis. Journal of Nanchang University (Humanities and Social Sciences), 6(3), 64-69.
Yugang, H. E., & Baek-Ryul, C. H. O. I. (2019). What Determines the Foreign Direct Investment in Finances of OECD Countries. The International Journal of Industrial Distribution & Business, 10(11), 15-23. doi:http://dx.doi.org/ 10.13106/ ijidb .20 19 .vol 10 .no 1 115
Yugang, H. E., & Jingnan, W. A. N. G. (2019). A Panel Analysis on the Cross Border E-commerce Trade:Evidence from ASEAN Countries. The Journal of Asian Finance, Economics and Business, 6(2), 95-104.doi:10.13106/jafeb.2019.vol6.no2.95
Zaman, K., & Shamsuddin, S. (2017). Green logistics and national scale economic indicators: Evidence from a panel of selected European countries. Journal of cleaner production, 143, 51-63. https://doi.org/10.1016/j.jclepro. 2016.12.150
Zeng, S. (2011). Research of energy consumption, economic growth and energy demand forecast on China. Business Review, 23(2), 38-44.
- Downloaded
- Viewed
- 0KCI Citations
- 0WOS Citations