The Decomposition of “Logistics Cost as a Percent of GDP”and the Comparison between China and America

ZHANG Zhao-min1 and HAN Biao2 (1.Shenzhen Polytechnic,Shenzhen,Guangzhou518055,China;2.Shenzhen University,Shenzhen,Guangzhou518000,China)

China Business and Market - - NEWS -

Abstract:The logistics cost affects economic development quality;and correctly understanding the connotation of“logistics cost as a percent of GDP”is the foundation of implementing the strategy on logistics supply side reform and reducing the logistics costs. The connotation and influencing factor of“logistics costs/GDP”is studied by divided into two indexes of“unit GDP logistics turnover”and“unit turnover logistics rate”from micro mechanism. The research indicates that:China's unit GDP logistics turnover is large,which is about 5 to 10 times that of the United States in the same period,and it is the main reason that can be used to explain the result of large portion of logistics costs in GDP in China;China's unit turnover logistics rate is not high,it remains stable between the years of 1991 to 2017,which is about 30% of the United States in the same period according to the real price of the base period in 1991;the unit value goods logistics cost decreased significantly during the year of 1991 to 2017,and it approaches to 4.27% in 2017 from 17.15% in 1991,which is about 50% of the United States. To better promote cost decreasing and benefit increasing of China’s logistics industry,we should,from the macro perspective,optimize the economic structure and improve the economic quality to reduce the "logistics cost /GDP";and at the micro angle,we should strengthen the market mechanism to enhance the value added capacity of the logistics goods,and effectively implement measures to reduce the operating cost of logistics enterprises to improve the "money making" ability of the logistics industry.

Key words:logistics cost as a percent of GDP;unit GDP logistics turnover;unit turnover logistics rate;comparison be⁃

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