Modelling the Impact of the Digital Economy on the Development of the Logistics Industry. Study Case of Henan Province

Abstract

The purpose of the study is to model and analyse the impact of the digital economy on the development of the logistics industry in Henan province. To achieve this goal, the following methods were used: historical analysis to determine the stages of digitalisation of logistics, statistical analysis to assess the dynamics of gross domestic product (GDP) by economic sectors, system analysis and analysis of strengths, weaknesses, opportunities and threats to investigate the impact of individual elements of the digital economy on the logistics sector, and regression analysis to model the relationships between digitalisation and economic indicators of the logistics industry in Henan province. The main results of the study were: identification and analysis of key stages in the development of the logistics industry in China; determination of structural changes in the GDP of Henan province and their correlation with trends in the digital economy; development of a regression model demonstrating the dependence of economic growth in the tertiary sector of the economy, including the logistics industry, on the advancement of digital technologies. The study confirmed the hypothesis of a significant impact of the digital economy on the logistics sector of Henan province, which is reflected in quantitative estimates and confirmed by statistical tests.


 

References

[1] Aubakirova, Dinara (2024). Directions for Using Big Data Analytics in Logistics Management. Development Management, 23(1): 27-36. DOI: https://doi.org/10.57111/devt/1.2024.27
[2] Brzozowska, Marta et al. (2022). Competences 4.0 In the Logistics Sector Against the Challenges of Sustainable Digital Transformation of the Economy in the Polish Perspective. Scientific Papers of Silesian University of Technology. Organization and Management, 162: 53-85.
[3] Buil, Roman, Miquel Angel Piera, Marjan Gusev, Egils Ginters, and Artis Aizstrauts (2015). Mas Simulation for Decision Making in Urban Policy Design: Bicycle Infrastructure. International Conference on Harbour, Maritime and Multimodal Logistics Modelling and Simulation (pp. 95-102). Bergeggi: I3M Conference.
[4] Gan, Weihua, Wenpei Yao, Shuying Huang, and Yanan Liu (2022). A Study on the Coupled and Coordinated Development of the Logistics Industry, Digitalization, and Ecological Civilization in Chinese Regions. Sustainability, 14(11): 6390.
[5] Guo, Yuxia, Huiying Mao, Heping Ding, Xue Wu, Yujia Liu, Hongjun Liu, and Shuling Zhou (2022). Data-Driven Coordinated Development of the Digital Economy and Logistics Industry. Sustainability, 14(14): 8963.
[6] Herold, D. Martin, Marek Cwiklicki, Kamila Pilch, and Jasmin Mikl (2021). The Emergence and Adoption of Digitalization in the Logistics and Supply Chain Industry: An Institutional Perspective. Journal of Enterprise Information Management, 34(6): 1917-1938.
[7] Horoshkova, Lidiia, Oleksandr Menshov, Olena Vasylyeva, Alexander Sumets, and Ihor Ryshykov (2023). Logistics Technologies for the Potential Management of Marine and River Transport in Ukraine. University Economic Bulletin, 18(2): 32-45. DOI: https://doi.org/10.31470/2306-546X-2023-57-32-45
[8] Kayikci, Yasanur (2018). Sustainability Impact of Digitization in Logistics. Procedia Manufacturing, 21: 782-789.
[9] Kern, Johannes (2021). The Digital Transformation of Logistics: A Review about Technologies and Their Implementation Status. In: The Digital Transformation of Logistics: Demystifying Impacts of the Fourth Industrial Revolution (pp. 361-403). Piscataway: Institute of Electrical and Electronics Engineers, Inc.
[10] Kondratenko, Yuriy P., Leonid P. Klymenko, and Ievgen V. Sidenko (2014). Comparative Analysis of Evaluation Algorithms for Decision-Making in Transport Logistics. Studies in Fuzziness and Soft Computing 312: 203-17. DOI: https://doi.org/10.1007/978-3-319-03674-8_20
[11] Kondratenko, Yuriy P., Sylvia B. Encheva, and Eugene V. Sidenko (2011). Synthesis of Intelligent Decision Support Systems for Transport Logistics. Proceedings of the 6th IEEE International Conference on Intelligent Data Acquisition and Advanced Computing Systems: Technology and Applications, IDAACS'2011 2: 642–6. DOI: https://doi.org/10.1109/IDAACS.2011.6072847
[12] Kredina, Anna, Mirey Akhtanova, Makpal Bekturganova, Alexander Tsoy, and Lazat Spankulova (2022). The Relationship between Logistics and Information and Communication Technologies and Their Impact on the Economy of Kazakhstan. Problems and Perspectives in Management, 20(4): 344–55. DOI:https://doi.org/10.21511/ppm.20(4).2022.26
[13] Lipych, Liubov, Оksаnа Khіlukhа, and Myroslаvа Kushnіr (2024). Inventories in an Integrated Supply Chain. Economic Forum, 1(4): 62-69. DOI: https://doi.org/10.36910/6775-2308-8559-2023-4-8
[14] Mann, Ruslan (2023). Strategy for Managing Regional Competitiveness Development. Economic Bulletin of Cherkasy State Technological University, 23(2): 5-14.
[15] Melnykova, Kateryna (2023). Mechanisms of Achieving Sustainable Micrologistics System Functioning. Development Management, 22(2): 30-38. DOI: http://doi.org/10.57111/devt/2.2023.30
[16] Moldabekova, Aisulu, Robert Philipp, Hans-Eggert Reimers, and Bauyrzhan Alikozhayev (2021). Digital Technologies for Improving Logistics Performance of Countries. Transport and Telecommunication Journal, 22(2): 207-216.
[17] Mukaka, Mavuto (2012). Statistics Corner: A Guide to Appropriate Use of Correlation Coefficient in Medical Research. Malawi Medical Journal, 24(3): 69-71.
[18] Nordin, N. Naddia et al. (2022). Digital Economy: Improving Logistics Performance in Asian Countries. In: Proceedings of the International Conference on Entrepreneurship, Business and Technology (InCEBT) ‘Industry Forward and Technology Transformation in Business and Entrepreneurship’ (pp. 459-468). Singapore: Springer.
[19] Novanda, N, and Henny Medyawati (2023). Determinant of Shopee Xpress Consumer Satisfaction in Jakarta Greater Area. Economics, Entrepreneurship, Management, 10(2): 25-34. DOI:https://doi.org/10.56318/eem2023.02.025
[20] Piddubna, Liudmyla, and Marianna Gorobynskaya (2023). Digital Transformation as a Factor of Changes in the Organizational Behaviour of International Companies. Development Management, 21(4): 25-36.
[21] Trushaj, Аleks (2023). Features of the Foreign Policy of the Republic of Kazakhstan. Foreign Affairs, 33(5): 45-51. DOI: https://doi.org/10.46493/2663-2675.33(5).2023.45-51
[22] Wang, Chunjuan, Kaige Guo, and Xiangyu Yin (2023). Research on Improving Logistics Efficiency by Digital Economy from the Perspective of High-Quality Development. In: Proceedings of the 2nd International Academic Conference on Blockchain, Information Technology and Smart Finance (ICBIS 2023) (pp. 476-484). Amsterdam: Atlantis Press.
[23] Wang, Cuimin (2023). Research on High Quality Development Path of Modern Logistics Industry. Industrial Engineering and Innovation Management, 6(6): 60-66.
[24] Wu, Harry, and Changhua Yu (2022). The Impact of the Digital Economy on China’s Economic Growth and Productivity Performance. China Economic Journal, 15(2): 153-170.
[25] Yan, Borui, Bo Yao, and Chenjing Zhang (2023). Industrial Structure, High-Quality Development of Logistics Industry and the Economy. PLoS ONE, 18(5): e0285229.
[26] Zhang, Liuhua, Tianbao Gong, and Yanan Tong (2023). The Impact of Digital Logistics Under the Big Environment of Economy. PLoS ONE, 18(4): e0283613.
[27] Zhang, Longmei, and Sally Chen (2019). China’s Digital Economy: Opportunities and Risks. IMF Working Paper. Available at: https://www.imf.org/en/Publications/WP/Issues/2019/01/17/Chinas-Digital-Economy-Opportunities-and-Risks-46459
[28] Zhang, Wei, Hongli Liu, Yuan Yao, and Zifu Fan (2022). A Study Measuring the Degree of Integration Between the Digital Economy and Logistics Industry in China. PLoS ONE, 17(9): e0274006.
[29] Zhao, Tao, Zhi Zhang, and Shangkun Liang (2022). Digital Economy, Entrepreneurship, and High-Quality Economic Development: Empirical Evidence from Urban China. Frontiers of Economics in China, 17(3): 393-426.
[30] Hunan Government Work Report 2022. (2022). Available at: http://222.240.193.190/2022tjnj/indexeh.htm
[31] Ministry of Commerce of the People’s Republic of China. (2023). Concise Statistics on China’s Outbound Direct Investment Across All Industries from January to April 2023. Available at: http://english.mofcom.gov.cn/article/statistic/foreigntradecooperation/202306/20230603418682.shtml
[32] National Bureau of Statistics of China. (2023). China Statistical Yearbook 2023. Available at: https://www.stats.gov.cn/sj/ndsj/2023/indexeh.htm
[33] Statista. (2024a). Gross Domestic Product (GDP) of Henan Province, China from 1990 to 2022, by Economic Sector (in Billion Yuan). Available at: https://www.statista.com/statistics/1082657/china-gdp-of-henan-by-industry/
[34] Statista. (2024b). Market Size of the Digital Economy in China in Selected Years from 2005 to 2022 (in Trillion Yuan). Available at: https://www.statista.com/statistics/1250080/china-digital-economy-size/
Published
2024-06-28
How to Cite
OROZONOVA, Azyk et al. Modelling the Impact of the Digital Economy on the Development of the Logistics Industry. Study Case of Henan Province. Theoretical and Practical Research in Economic Fields, [S.l.], v. 15, n. 2, p. 232-244, june 2024. ISSN 2068-7710. Available at: <https://journals.aserspublishing.eu/tpref/article/view/8463>. Date accessed: 13 july 2024. doi: https://doi.org/10.14505/tpref.v15.2(30).07.