Abstract
The fate of the retailing industry is related to the freight industry of a country. In order to enhance the pulling power that the retailing has to the freight industry, this research investigated the interactive relationship of retailing and freight industry in Shanxi Province of China. Using the software Eviews 5.0® , a Co-integration Model was proposed. Evaluation of the validity of the model, using the Stationary Test, Granger Causality Test and Error Correction, proved that the model proposed had the ability to repair itself. Using the model to explain the relationship between retailing and freight results further revealed that there is a long-term equilibrium relationship between the two variables. Furthermore, this study proved that in order to enhance the pulling power that retailing has to freight industry, there is a need to pay attention to the final consumption, to support retailing and to speed up the urbanization construction.
Keywords
- Retail Search this journal for Retail (opens in a new tab)
- Freight Industry Search this journal for Freight Industry (opens in a new tab)
- Co-integration Model Search this journal for Co-integration Model (opens in a new tab)
- Granger Causality Test Search this journal for Granger Causality Test (opens in a new tab)
- China Search this journal for China (opens in a new tab)
References
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Copyright (c) 2014 Huiqiong Ding, Xinjie Zhang (Author)
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Keywords
- Retail Search this journal for Retail (opens in a new tab)
- Freight Industry Search this journal for Freight Industry (opens in a new tab)
- Co-integration Model Search this journal for Co-integration Model (opens in a new tab)
- Granger Causality Test Search this journal for Granger Causality Test (opens in a new tab)
- China Search this journal for China (opens in a new tab)
Section
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Vol. 6 No. 4 (2014)
Tourism Competitiveness, Education & Business Efficiency
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