The Importance and Determinants of Logistics Performance of Selected Countries

Abstract

Logistics can be described as having the right type of product or service at the right place, at the right time and in the right condition. The global logistics industry has grown significantly while logistics has become an important part of the business economic system and major global economic activity in recent years. Logistic activities accelerate economic growth and productivity growth. Efficient logistics is an important determinant of a country’s competitiveness and source of employment. This study is carried out by 2014 data from 113 countries and it is determined that the effect of sub-components (infrastructure-weighted) of the Global Competitiveness Index to the Logistics Performance Index is by using regression analysis. Results obtained from the regression analysis demonstrate the level of quality of railroad infrastructure and port infrastructure, which are major determinants of logistics performances of the countries. In this context, if a country wants to increase her logistics performance, she should improve the quality of railroad and port infrastructure primarily.

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