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The Impact of Developments in the Logistics Sector on Economic Growth: The Case of OECD Countries

Author

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  • Pinar Hayaloglu

    (Department of Economics, Gumushane University, Gumushane, Turkey.)

Abstract

Logistic sector, which is considered as an important interface of increased international trade in consequence of globalization, plays an important role on countries' economic growth and development. A development in logistic sector facilitates the international trade, increases the competitiveness in countries and thus appears to be an important determinant of growth and development. In this study, the impact of developments in the logistic sector on economic growth has been investigated for 32 OECD countries covering the period 1994-2011. In this context, static panel data analysis was used. The findings obtained in the study, which used different variables as indicators of developments in the logistic sector, reveals that the relationship between developments in the logistic sector and economic growth differs depending on the indicator used.

Suggested Citation

  • Pinar Hayaloglu, 2015. "The Impact of Developments in the Logistics Sector on Economic Growth: The Case of OECD Countries," International Journal of Economics and Financial Issues, Econjournals, vol. 5(2), pages 523-530.
    • Handle: RePEc:eco:journ1:2015-02-25
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    Cited by:

    1. Norazah Mohd Suki & Norbayah Mohd Suki & Arshian Sharif & Sahar Afshan, 2021. "The role of logistics performance for sustainable development in top Asian countries: Evidence from advance panel estimations," Sustainable Development, John Wiley & Sons, Ltd., vol. 29(4), pages 595-606, July.
    2. K. Sharipbekova & Z. Raimbekov, 2018. "Influence of Logistics Efficiency on Economic Growth of the CIS Countries," European Research Studies Journal, European Research Studies Journal, vol. 0(2), pages 678-690.
    3. Yanfeng Liu & Xue Li & Xiaonan Zhu & Min-Kyu Lee & Po-Lin Lai, 2023. "The theoretical systems of OFDI location determinants in global north and global south economies," Palgrave Communications, Palgrave Macmillan, vol. 10(1), pages 1-13, December.
    4. Yerlan Kunyazov & Yertargyn Shakhman & Saule Rakhimova & Alma Mussina & Takhir Ernazarov, 2020. "Design and evaluation of efficiency of macrologistic systems for countries with developing economy," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 8(2), pages 1062-1082, December.
    5. Qi, Guanqiu & Shi, Wenming & Lin, Kun-Chin & Yuen, Kum Fai & Xiao, Yi, 2020. "Spatial spillover effects of logistics infrastructure on regional development: Evidence from China," Transportation Research Part A: Policy and Practice, Elsevier, vol. 135(C), pages 96-114.
    6. Muhammad Shafique & Anam Azam & Muhammad Rafiq & Xiaowei Luo, 2020. "Evaluating the Relationship between Freight Transport, Economic Prosperity, Urbanization, and CO 2 Emissions: Evidence from Hong Kong, Singapore, and South Korea," Sustainability, MDPI, vol. 12(24), pages 1-14, December.
    7. Zunaira Khadim & Irem Batool & Muhammad Bilal Lodhi, 2021. "China–Pakistan Economic Corridor, Logistics Developments and Economic Growth in Pakistan," Logistics, MDPI, vol. 5(2), pages 1-15, June.
    8. Shikur, Zewdie Habte, 2022. "Logistics Performance, Export, Agricultural, Manufacturing, and Aggregate Economic Growth: A Focus on Sectoral Perspectives," Journal of Economic Development, The Economic Research Institute, Chung-Ang University, vol. 47(3), pages 107-123, September.
    9. Pavel V. POPOV & Marina V. LEDENEVA & Victoria V. BATMANOVA, 2021. "Influence Of Logistics Infrastructure Of Russian Federal Districts On Their Social And Economic Indicators," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 21(2), pages 29-40.
    10. Chengete Chakamera & Noleen M. Pisa, 2021. "Associations Between Logistics and Economic Growth in Africa," South African Journal of Economics, Economic Society of South Africa, vol. 89(3), pages 417-438, September.
    11. Tang, Chor Foon & Abosedra, Salah, 2019. "Logistics performance, exports, and growth: Evidence from Asian economies," Research in Transportation Economics, Elsevier, vol. 78(C).
    12. Sergey Evgenievich Barykin & Irina Vasilievna Kapustina & Elena Viktorovna Korchagina & Sergey Mikhailovich Sergeev & Vladimir Konstantinovich Yadykin & Almakul Abdimomynova & Diana Stepanova, 2021. "Digital Logistics Platforms in the BRICS Countries: Comparative Analysis and Development Prospects," Sustainability, MDPI, vol. 13(20), pages 1-19, October.
    13. Alam, Khalid Mehmood & Li, Xuemei & Baig, Saranjam & Ghanem, Osman & Hanif, Salman, 2021. "Causality between transportation infrastructure and economic development in Pakistan: An ARDL analysis," Research in Transportation Economics, Elsevier, vol. 88(C).

    More about this item

    Keywords

    Logistic Sector; Economic Growth; Telecommunications; OECD Countries;
    All these keywords.

    JEL classification:

    • L80 - Industrial Organization - - Industry Studies: Services - - - General
    • L86 - Industrial Organization - - Industry Studies: Services - - - Information and Internet Services; Computer Software
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

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