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Analysis of Factors Affecting the Development of China's Air Freight Industry

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DOI: 10.23977/ieim.2022.050303 | Downloads: 3 | Views: 107

Author(s)

Shaojie Chen 1, Yuming Zheng 2, Lin Xue 3

Affiliation(s)

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 Author

Lin Xue

ABSTRACT

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. 

KEYWORDS

Air 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.

REFERENCES

[1] Zhixia Wu. (2011). Research on the Development of Aviation Logistics of Ganzhou Airport, M.A, Thesis. Ganzhou: Jiangxi University of Science and Technology.
[2] Yan Qin. (2006). Research on the Development of China's Aviation Logistics System, M.A, Thesis. Xian: Changan University.
[3] Renxia Guan. (2015). Research on the Evolution Mechanism and Operation Mode of Aviation Logistics Industry, M.A, Thesis. Tianjin: Civil Aviation University of China.
[4] WU Huijun. (2016). Research on the interactive development of port logistics and fujian free trade zone. Technology and Market, 23(12): 207-208,210.
[5] Liangyi Zhou, Zhijun Xia. (2007). Challenges and Opportunities Lies Ahead of China Aviation Logistics Industry. Logistics Technology, 26(11): 231-233.

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