THE ASSESSMENT OF LOGISTICS SECTOR ROLE ON EU-27 ECONOMIC GROWTH DURING COVID-19 PANDEMIC

Abstract

This study focuses on evaluation the role of logistics and transport industry on the economic growth of EU-27 during the COVID-19 pandemic. The evaluation found a positive correlation between government spending to transport infrastructure, employment level, and freight transportation by road, railway and economic growth. Regression analyses showed that in 2019 the impact of logistics industry and economic growth of EU-27 countries insignificant, and in 2020 – statistically significant between public expenditure, employment rate in EU-27 economies. This study also found that some variables, such as the length of rail freight and transportation by air did not have a significant impact on economic growth of EU-27 during pandemics.