Co-integration Model of Logistics Infrastructure Investment and Regional Economic Growth in Central China

The speed of logistics infrastructures investment in Central China is still lower than other regions since the rise of the central region strategy was put forward. And the ration of freight turnover was also being down. The analysis with the relations among the central region of the logistics investment, logistics value-added and GDP, found that three variables exists co-integration relation. And found that the investment in logistics infrastructure was the Granger reason of the GDP, the investment in logistics infrastructure and logistics value-added was the Granger reason for each other. According to the analysis, some countermeasures be put forward as following: accelerate the speed of logistics investment, optimize logistics environment, promote the logistics capability, reduce logistics cost, and so on. (C) 2012 Published by Elsevier B.V. Selection and/or peer review under resposibility of ICMPBE International Committee.