The effects of logistics performance on international trade: EU15 vs CEMS

Zaninović, Petra Adelajda; Zaninović, Vinko; Skender, Helga Pavlić

doi:10.1080/1331677x.2020.1844582

Cited by 28 publications

(31 citation statements)

References 35 publications

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“…Table 5 presents the estimates for solid energy product exports. Standard variables in the gravity model, such as the GDP of the reporting countries and the presence of a common border, showed significant and positive effects, as expected based on the current empirical literature [11,[18][19][20]. The dummy variable groups were also positive and highly significant meaning that the export of solid food is more responsive in the case when the export is performed within the EU in comparison to the export between EU and third countries.…”

Section: Resultssupporting

confidence: 76%

“…( These results suggested that the export of energy products is less responsive to logistics performance, which significantly affects trade in consumption goods, for example. The recent empirical literature [11] shows that the subcomponents of the LPI have positive and significant effects on trade in consumption goods in the case of EU Member States. However, some other factors that could be used to explain trade in energy, such as the regulatory environment, natural resources, trade agreements, etc., could have a significant impact on the export of energy products.…”

Section: Resultsmentioning

confidence: 99%

“…This information is of great importance to trading companies and managers who want to make their trade as efficiently as possible. The variable "timeliness" has also been shown in the empirical literature to be highly significant for trade in perishable goods such as food or chemical products [11]. Trade in gas was mainly regional due to the transport characteristics of these products and the results showed that logistics performance did not have a significant effect on trade in the gas products, except in the case of imports, where the variable "tracking", namely the ability to track and trace the transport of gas products, was significant.…”

Section: Discussionmentioning

confidence: 99%

“…However, in the majority of empirical studies, the gravity model usually incorporates other socio-economic variables, such as common language, border, currency, or colonial history, between trading partners. Since the first report on the logistics performance index in 2007, published by the World Bank, many authors interested in trade logistics and trade facilitation have started to include the logistics performance index in their gravity model [11,20,[33][34][35].…”

Section: Methodsmentioning

confidence: 99%

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Assessing the Effects of Logistics Performance on Energy Trade

2021

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Logistics has become one of the most important economic sectors. It significantly affects the transport infrastructure and many other sectors that are crucial for the country’s development. It is the factor that also influences trade efficiency. However, the question arises if logistics performance is significant for the trade of critical goods which are energy raw products. The aim of the paper is primarily to investigate the EU energy trade flows in general and to estimate the effect of logistics performance on the international trade of energy raw products. The energy raw products are grouped into solid, liquid, and gaseous products, and separate estimates are made for their export and import. The analysis also differentiates between the trade flows, that is export and import within the EU and trade flows between EU member states and third countries. The empirical model is based on the theory of gravity model extended to include the six subcomponents of the Logistics Performance Index (LPI). The results present that: (1) the standard gravity model variables, such as GDPs of reporter and partner countries and contiguity, are successful in explaining the trade flows of solid and liquid raw energy but in case of gas products, are insignificant; (2) the results indicate that all logistics’ performance subcomponents are highly significant and show positive effects on the export of liquid energy products, while for the solid and gas products, it seems to be insignificant when the energy commodities are more complex and costly to transport and store, and therefore, contiguity, i.e., when countries share a common border, positively affects energy trade.; (3) the EU imports most liquid energy products, but is generally very dependent on energy imports. EU policymakers should strive to either make more use of domestic resources or switch more to renewable energy sources

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Section: Resultssupporting

confidence: 76%

Section: Resultsmentioning

confidence: 99%

Section: Discussionmentioning

confidence: 99%

Section: Methodsmentioning

confidence: 99%

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Assessing the Effects of Logistics Performance on Energy Trade

2021

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“…Logistics has been featured as a critical factor in the facilitation of trade and in turn, a stimulator of a nation’s economic development. Thus, it significantly influences bilateral trade flows [ 1 , 6 , 7 ]. The LPI is a comprehensive index designed to assist countries in identifying challenges and opportunities in trade logistics work evidence [ 8 – 11 ].…”

Section: Literature Reviewmentioning

confidence: 99%

Gross domestic product and logistics performance index drive the world trade: A study based on all continents

et al. 2022

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The purpose of this study was to examine the impact of Gross Domestic Product (GDP) and Logistics Performance Index (LPI) on international trade of nations across each continent and worldwide. Secondary data collected on 142 countries—37 Asian, 41 European, 41 African, 3 Oceania, 14 Middle East, 11 North American and 9 South American–were analysed across the years 2007, 2010, 2012, 2014, 2016, and 2018. Panel regression technique was applied and the random effect (RE) model was chosen based on the results of the Hausman tests and Breusch–Pagan Lagrange Multiplier test. The findings revealed that the LPI has a positive relationship with net exports globally and specifically within the continents of Asia, Europe, and Oceania. Moreover, while the GDP appears to have a significant negative impact on net exports, specifically within Asia, in contrast, countries in Oceania and the Middle East present a positive relationship. Also on the African continent, GDP has a significant negative impact on the net exports. Findings provide a holistic picture of the impact of LPI & GDP on net exports, which will assist governments in the formulation and revision of its strategies and policies to expedite the growth of exports and in turn, the economy. This study was the first of its kind to explore the impact of GDP and LPI on international trade of nations across worldwide.

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