Multiple Regression Forecast Analysis of Pakistan Railway Freight Volume under the Background of China-Pakistan Economic Corridor Construction

Aimin DENG, Xingxing LIU

China-Pakistan Economic Corridor, railway freight volume, multiple regression forecast, FDI

The construction of the China-Pakistan Economic Corridor is the a development strategy of China and Pakistan, and it is also an important part of the ‘Belt and Road’. For better construction the Corridor, this article systematically forecasts Pakistan’s railway freight demands. Considering GDP, total population, food production, and fixed asset investment and FDI respectively as influencing factors, this article carries out a multiple regression forecast analysis on Pakistan’s railway freight volume in 2020, 2025 and 2030. The study found that Pakistan’s railway freight volume is positively correlated with Total Fixed Asset Investment and FDI, but the positive correlation between FDI is stronger, and Pakistan’s railway freight volume will have a steady and rapid growth in the next decade. If FDI increases, the growth of railway freight volume will be stronger, which also demonstrates the importance of China's investment on the Corridor and the impact on the increasing of railway freight volume.

https://doi.org/10.31871/WJRR.11.4.17