The role of logistics performance for sustainable development in top Asian countries: Evidence from advance panel estimations

Abstract

The logistics played an important role in the economic excellence of any country and region. However, being a major consumer of energy it also has adverse effects.Therefore there is a need to understand the role of logistics from economic and environmental aspects. By grounding on the theoretical foundations of IPAT and STIRPAT, the dataset of the present study is comprised of top Asian countries having 540 observations from the year 2010 to 2018 (quarterly). After applying multiple preliminary tests, including cross-section dependence, unit root tests, and cointegration, the long run and short-run relationship among the studied variables are explored by employing the Cross-sectionally augmented autoregressive distributed lags (CS-ARDL). The study confirms the significance of logistic performance index (LPI) in complementing economic growth (EG) and countering carbon emission (CE) along with the other theoretical determinants of IPAT and STIRPAT. Based on the findings, the results are discussed whereas policy implications are also proposed which states the transformation of existing logistical infrastructure towards more environment friendly operations. Lastly the limitations are discussed, on which future research directions are also recommended.

Achieving sustainable development goals through board size and innovation

“…There are two main reasons why the sustainability issue has taken the spotlight in businesses. First, firms that integrate sustainability elements into their business enjoy long‐term benefits (Calabrese et al, 2019; Suki et al, 2021) and second, multiple stakeholders (e.g., employees, customers, governments, and UN) are now putting extensive pressure on firms to act and operate in an economically, socially, and environmentally responsible way forward (Lybæk et al, 2013; Schmitz et al, 2019). The stakeholders contend that the private sector has the power to fulfill the area of SDGs, including responsiveness, efficiency and provision of skills and resources, and importantly, innovation (Porter & Kramer, 2011).…”

Green supply chain management/green finance: a bibliometric analysis of the last twenty years by using the Scopus database

“…The organization’s efficiency and productivity can be resolute by the logistic performances of the firm. The firm’s logistics display the overall country’s supply chain quality and performance (Rashidi and Cullinane 2019 ; Khan et al 2019 ; Suki et al 2021 ). For any country’s economic development, the manufacturing industry plays a pivotal role; this creates pressure on academicians and managers to discover such practices that give fosters firms economic development.…”

Renewable energy and advanced logistical infrastructure: Carbon‐free economic development

“…The result of LPI2 is in line with the study of Chakamera and Pisa (2020), in which the researcher elaborated that ability to track and trace consignments is positively linked with economic growth; also, they discussed that effective tracking and tracing ability reduce the additional cost and waiting time. The researchers also addressed that improvement in LPIs complemented the country's economic growth (Suki et al, 2021).…”

“…The result of LPI2 is in line with the study of Chakamera and Pisa (2020), in which the researcher elaborated that ability to track and trace consignments is positively linked with economic growth; also, they discussed that effective tracking and tracing ability reduce the additional cost and waiting time. The researchers also addressed that improvement in LPIs complemented the country's economic growth (Suki et al, 2021). Further, the significant outcomes of LPI3 and LPI5 indicate that robust transport-related infrastructure provides ease in trade activities and enables consignment to reach in time, which increases the country's growth.…”