Analysis of Factors Affecting the Development of China's Air Freight Industry
DOI: 10.23977/ieim.2022.050303 | Downloads: 18 | Views: 264
Shaojie Chen 1, Yuming Zheng 2, Lin Xue 3
1 College of International Digital Economy, Minjiang University, Fuzhou, China
2 College of Chemistry and Materials Science, FuJian Normal University, Fuzhou, China
3 School of Innovation, Entrepreneurship and Creation, Minjiang University, Fuzhou, China
Corresponding AuthorLin Xue
The sustained development of China's economy has contributed to the thriving growth of China's air freight industry, though the same is also faced with a myriad of challenges. Based on the 2009-2019 data depicting the development of air freight in China, this paper employs unit root test, cointegration test and regression analysis to examine the impact of logistics demand, government support and transportation infrastructures on the development of the air freight industry. The results show that China's economic boom has emerged as the important driver underlying the burgeoning development of its air freight industry, and that China's efforts to increase the fiscal expenditure on transportation and civil aviation routes will have positive and significant long-term effect on the civil aviation freight traffic, only the expected results are yet to be achieved at the current stage. In general, it's clear that China's air freight market has not been fully tapped and is far from maturity.
KEYWORDSAir freight, unit root test, cointegration test, regression analysis
CITE THIS PAPER
Shaojie Chen, Yuming Zheng, Lin Xue, Analysis of Factors Affecting the Development of China's Air Freight Industry. Industrial Engineering and Innovation Management (2022) Vol. 5: 20-26. DOI: http://dx.doi.org/10.23977/ieim.2022.050303.
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