Railway freight volume is an important indicator of the “Li keqiang index”. This paper analyzes the relationship between railway freight volume and economic growth through cointegration analysis, error correction model analysis, granger causality test, and other methods according to the time series data from 1978 to 2013. Research shows that there is a long-term equilibrium relationship between railway freight volume and economic development. Short-term changes of railway freight volume can be divided into two parts: one part is due to the short-term changes in gross domestic product, another part is due to the result of the previous railway freight volume deviating from the long-term equilibrium relationship. There also an exit single causality from the gross domestic product to railway freight volume, but does not exist in the opposite direction of causality.
Research on the Relationship between Railway Freight Volume and Economic Development Based on the “Keqiang Index”
15th COTA International Conference of Transportation Professionals ; 2015 ; Beijing, China
CICTP 2015 ; 737-744
2015-07-13
Aufsatz (Konferenz)
Elektronische Ressource
Englisch
Research on Relationship Between Regional Railway Freight Volume and GDP
Springer Verlag | 2015
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