Contribution Analysis of Railway Freight Transportation to Logistics Industry

Railway transportation is the backbone of the transportation system in China; it plays an important role in the development of logistics industry. Based on the index selection, this paper chooses transportation goods turnover index to represent the logistics industry, and chooses railway freight turnover index to represent railway freight. Granger causality test has been used to analyze the relationship between railway freight transportation and logistics industry, the results show: there is a strong two-way causality between railway freight transportation and logistics industry. And variance decomposition technique is used to study the contribution of railway freight to logistics industry; the results show that the short-term contribution of railway freight transportation to the Logistics industry is more than a long-term contribution of that.