An Analysis of the Co-Integration Relationship between Port Logistics and Economic Growth in the Ningbo Region

摘要

In order to clarify the relationship between port logistics and economic growth, based on data of port logistics and economic development in Ningbo from 1990 to 2013, the dynamic correlation and causality between Ningbo's port logistics and economic growth has been analyzed via co-integration and Granger test. The empirical results reveal that there is a long-run stationary relation between port logistics and economic growth in Ningbo; and a unidirectional causality between the both, namely, both cargo throughput and container throughput of Ningbo port are Granger causes of economic growth, and container throughput is Granger cause of cargo throughput, not vice versa. According to the experimental results, conclusions and suggestions are put forward from the sustainable level.