Correlation Analysis of Road Freight Transport and Economic Development in Shaanxi Province

Abstract

Based on the data from 1987-2017 of the Statistical Yearbook of Shaanxi Province, this paper selects Shaanxi Road freight transportation evaluation indicators and economic development evaluation indicators, and uses the method of co-integration test and ADF unit root test to determine whether there is a long-term equilibrium relationship between the indicators. Through the establishment of VAR model and analysis, it demonstrates the impact of road freight transportation on economic development in Shaanxi Province. Based on the impulse impact between the road freight transportation and economic development in Shaanxi Province, the correlation between road freight transportation and economic development in Shaanxi Province is analyzed and studied to provide suggestions for the coordinated development of road freight transportation and economy in Shaanxi Province.