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The role of logistics in economic growth and global competitiveness

Author

Listed:
  • Filip Ž. Bugarèiæ

    (University of Kragujevac, Faculty of Economics, Republic of Serbia)

  • Vladimir Miæiæ

    (University of Kragujevac, Faculty of Economics, Republic of Serbia)

  • Nenad Stanišiæ

    (University of Kragujevac, Faculty of Economics, Republic of Serbia)

Abstract

There is a rising demand to find new patterns for economic growth and development, and improving competitiveness, where the role of logistics should be considered in more detail. The main purpose of the article is to examine and compare the effects of countries?logistics performance in EU, BRICS, and ASEAN, and to test the role of individual logistics components. The research method is based on panel data using fixed effects regressions for the period 2007-2018. The results confirm the positive impact of logistics on economic growth and competitiveness in the total sample and EU countries, while logistics contributes to rising competitiveness in BRICS countries. Individual contributions of LPI components were also identified, presenting the importance of sub-indices for economic growth and national competitiveness. The research implications emphasize the role of logistics as a factor of economic growth and development and highlight its potential in rising national competitiveness. The main contribution is new evidence on the effects of logistics at the level of selected groups of countries, which highlights the importance of this sector and provides recommendations for economic policymakers.

Suggested Citation

  • Filip Ž. Bugarèiæ & Vladimir Miæiæ & Nenad Stanišiæ, 2023. "The role of logistics in economic growth and global competitiveness," Zbornik radova Ekonomskog fakulteta u Rijeci/Proceedings of Rijeka Faculty of Economics, University of Rijeka, Faculty of Economics and Business, vol. 41(2), pages 499-520.
    • Handle: RePEc:rfe:zbefri:v:41:y:2023:i:2:p:499-520
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    References listed on IDEAS

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    More about this item

    Keywords

    logistics performance index (LPI); economic growth; global competitiveness; panel data;
    All these keywords.

    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • F0 - International Economics - - General
    • F2 - International Economics - - International Factor Movements and International Business
    • L9 - Industrial Organization - - Industry Studies: Transportation and Utilities

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