Measuring the Impacts on the Economic Growth of Various Countries Using Key Performance Indictors—A Quantitative Approach Including Logistics Performance, Infrastructure, Rail Network and Volume of Goods Carried

Abstract

This paper discusses the impacts of logistics development on logistics efficiency and economic growth of pre-selected countries. These impacts were analyzed in terms of: logistics infrastructure, rail network/1000km² and volume of goods carried by rail. Subsequently, the impact of ‘Logistics Performance Indicator’ on economic growth measured by current GDP was analyzed. For the analysis, a sample of eight countries (four developed and four developing) was used for a period of 10 years, 2007–2017. The research presentes theoretical framework that includes literature review, and analysis of Logistics Performance Indicator issues and economic growth, rail transport, and logistics performance of countries through indicators. The methodology, in general, includes both an explanatory and quantitative research. The data used were collected from the World Bank website. More specifically, multivariate statistical methodological approach was used with simple and multiple linear regression econometric models in panel data for this study. Based on this discussion, the results suggest that the quality of the infrastructure and the rail network/1000 km² have a positive impact on the logistics efficiency of the countries under study. Whereas Logistics Performance Indicators (like infrastructure quality and TKU/railways) indicate a positive impact on the countries’ growth in terms of current GDP.