Catching-up effects in the logistics industry and the dynamic linkages with international trade and economic growth: empirical evidence from an international panel dataset
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Ioannis Katrakylidis [1] ; Michael Madas [2]
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[1] Aristotle University of Thessaloniki
Aristotle University of Thessaloniki
Dimos Thessaloniki, Grecia
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[2] University of Macedonia
University of Macedonia
Dimos Thessaloniki, Grecia
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- Localización: Economics and Business Letters, ISSN-e 2254-4380, Vol. 9, Nº. Extra 3, 2020 (Ejemplar dedicado a: Selected papers from 7th International PhD Meeting in Economics 2019), págs. 197-205
- Idioma: inglés
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Resumen
We analyze the dynamic linkages among Logistics, Trade and Economic Growth for a panel of 39 countries over the period 2007-2018. In particular, we investigate whether these countries exhibit the tendency to catch up, in terms of logistics performance, with the leader country, using methodologies of “convergence analysis” appropriate for the notions of stochastic convergence and β-convergence and perform Granger-causality tests among a catching up variable (the LPI of each country relative to the LPI of Germany), trade openness and economic growth. The findings reveal rather weak evidence of catching-up effects with Germany. As far as causality is concerned, trade and economic growth further enhance the global tendency in logistics performance to catch-up with the dominantGermany while convergence in logistics is found to directly support economic growth but not trade.
