Research on the Relationship Between Regional Economy and Freight Transport Based on Factor Analysis

Abstract

This paper analyses correlation between Regional Economy and Freight Transport by means of Factor Analysis. The article uses the expert interview method to determine what indicators should be considered during the Factor Analysis Model evaluation is established. The result shows that there are different kinds of relationships between each province’s economy and its freight transport. Some provinces’ economic aggregate are large, but with ordinary economic quality, so their freight demand mainly come from the traditional low-value-added industries. Some provinces have developed economies, their freight demand mainly come from high-value-added industries.