The Impact of Logistics Development on Economic Growth for Shanxi Province in China: Empirical Evidence Based on System Dynamics
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Based on the system dynamics theory, the system dynamics model is constructed by using the relevant economic and logistics data of Shanxi Province from 2015 to 2020. By changing the economic barrier factor, logistics demand conversion factor and logistics supply capacity factor, the empirical simulation is conducted with Vensim software. The correlation between economy and logistics development in Shanxi Province is simulated under different scenarios. The research conclusion shows that improving logistics supply capacity will have a significant positive impact on economic development. The same is true of the solid implementation of supply-side structural reform. The logistics backlog caused by the difficulty of logistics supply capacity to meet the logistics demand will have a significant negative impact on economic development. It has certain guiding significance for the study of economic growth and logistics development in Shanxi Province.
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