A Comparative Study on the Relationship between Waterway Traffic and Local Economy in Yichang Based on the VAR Model in the Context of the Epidemic

Yichang, as a waterway transportation hub in central China, not only by the economy affected during the epidemic but also the waterway traffic was greatly affected. Based on the VAR model, this paper analyzes the relationship between fiscal revenue and waterway transport passenger and freight volume in Yichang for two years before and after the epidemic. The report has the following conclusions: there was a synergy between fiscal revenue and waterway freight volume before the epidemic, and there is a one-way influence of waterway passenger volume on freight volume; after the epidemic, the synergy between fiscal revenue and waterway freight volume disappears, and there is only a one-way influence of waterway freight volume on budgetary revenue, and waterway passenger traffic continues to have a one-way effect on freight volume. The paper found that the epidemic can negatively impact the relationship between the local economy and waterway traffic.