THE EFFECTS OF INTERNATIONAL LOGISTICS IN GLOBAL VALUE CHAIN TRADE

IF 2.6 3区经济学 Q1 Business, Management and Accounting

Journal of Business Economics and Management Pub Date : 2023-12-18 DOI:10.3846/jbem.2023.20443

P. Zaninović, Filip Ž. Bugarčić

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Abstract

The current empirical literature shows that logistics plays a vital role in increasing the total volume of international trade. However, there is scarce literature on the impact of logistics performance on global value chain trade. Therefore, the objective of this paper is to investigate the effect of logistics performance on global value chain trade, measured by the value-added exports. The empirical specification of this paper is based on the structural gravity model of international trade. The analysis is based on biennial panel data on bilateral trade flows for the EU-15, CEE, and the Western Balkans and covers the period from 2010 to 2018. The model is estimated with a Poisson Pseudo Maximum Likelihood Estimator. The results show that logistics performance appears to have significant positive effects on global value chain trade and that the logistics performance of the partner country plays a more critical role than the logistics performance of the reporting country. Institutional quality matters greatly for global value chain trade. Individual differences in the observed variables were found between selected groups of countries. The need to improve logistics performance and invest in knowledge and technology will help countries improve in value chains, along with adequate institutional support.

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国际物流对全球价值链贸易的影响

目前的实证文献表明，物流在增加国际贸易总量方面发挥着至关重要的作用。然而，有关物流绩效对全球价值链贸易影响的文献却很少。因此，本文旨在研究物流绩效对全球价值链贸易的影响（以出口附加值衡量）。本文的实证规范基于国际贸易的结构重力模型。分析基于欧盟 15 国、中东欧和西巴尔干地区双边贸易流量的两年期面板数据，时间跨度为 2010 年至 2018 年。该模型采用泊松伪最大似然估计法进行估计。结果表明，物流绩效似乎对全球价值链贸易具有显著的积极影响，而且伙伴国的物流绩效比报告国的物流绩效发挥着更关键的作用。制度质量对全球价值链贸易具有重要影响。所观察到的变量在选定国家组之间存在个体差异。需要提高物流绩效，投资于知识和技术，这将有助于各国改善价值链，同时还需要适当的机构支持。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Journal of Business Economics and Management Multiple-

CiteScore

5.80

自引率

3.80%

发文量

审稿时长

15 weeks

期刊介绍： The Journal of Business Economics and Management is a peer-reviewed journal which publishes original research papers. The objective of the journal is to provide insights into business and strategic management issues through the publication of high quality research from around the world. We particularly focus on research undertaken in Western Europe but welcome perspectives from other regions of the world that enhance our knowledge in this area. The journal publishes in the following areas of research: Global Business Transition Issues Economic Growth and Development Economics of Organizations and Industries Finance and Investment Strategic Management Marketing Innovations Public Administration.