Energy Consumption and Growth of China's Logistics Industry: an Empirical Analysis Based on "Growth Drag"

Logistics is China's core industry. However, excessive energy dependence restricts its growth rate and leads to environmental pollution problems. It can help to deal with the above problems by studying the relationship between the growth of the logistics industry and energy consumption. This study firstly constructed a model for calculating the growth drag of energy consumption, and then the empirical analysis was conducted by collecting data. The main results show that the marginal contribution rate of various energy sources (i.e. coal, crude oil, natural gas and clean electricity) to the growth of the logistics industry was -0.052581, -0.011915, 0.257324, and 0.011479, respectively. The growth drag of various energy sources was 0.005252, 0.001184, 0.21806, and 0.001880, respectively. The above results revealed that the consumption of coal and crude oil not only slow down the growth rate of the logistics industry, but also had a negative impact on the industry. Compared with theabove conclusion, while natural gas and clean electricity restricted the growth rate, they had positive impact on the industry. Finally, relevant policy implications were proposed according to the above conclusions.