Integrating Logistics into Global Production: A New Approach
<i>Background:</i> Logistics has become a key driver of global economic production. This study investigates the role of logistics in global economic production by presenting a novel theoretical framework that integrates logistics performance into traditional models as a determinant produ...
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| Format: | Article |
| Language: | English |
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MDPI AG
2024-10-01
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| Series: | Logistics |
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| Online Access: | https://www.mdpi.com/2305-6290/8/4/99 |
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| author | Pablo Coto-Millán David Paz Saavedra Marta de la Fuente Xose Luis Fernandez |
| author_facet | Pablo Coto-Millán David Paz Saavedra Marta de la Fuente Xose Luis Fernandez |
| author_sort | Pablo Coto-Millán |
| collection | DOAJ |
| description | <i>Background:</i> Logistics has become a key driver of global economic production. This study investigates the role of logistics in global economic production by presenting a novel theoretical framework that integrates logistics performance into traditional models as a determinant production factor. <i>Methods:</i> Using panel data from 85 countries between 2007 and 2022, the research measures logistics performance through the Logistics Performance Index (<inline-formula><math xmlns="http://www.w3.org/1998/Math/MathML" display="inline"><semantics><mrow><mi>L</mi><mi>P</mi><mi>I</mi></mrow></semantics></math></inline-formula>). <i>Results:</i> The analysis reveals that logistics performance, specifically factors such as customs efficiency, infrastructure quality, and tracking and tracing of shipments, significantly enhances global economic output. On the other hand, negative elasticities were observed for shipment timeliness and the cost competitiveness of international shipments, suggesting that inefficiencies in these areas can hinder economic growth. <i>Conclusions:</i> The findings underscore the need for targeted public policies to improve logistics infrastructure and efficiency, particularly in customs and trade logistics, to increase global production. Additionally, the study highlights the potential for improving the logistics sector to support sustainable development and economic interdependence among countries. This research provides important insights for policymakers and managers, indicating that effective logistics management can drive substantial improvements in production efficiency and overall economic performance. |
| format | Article |
| id | doaj-art-ecd54f6c9b1f4706972fe46c1d37d4da |
| institution | Kabale University |
| issn | 2305-6290 |
| language | English |
| publishDate | 2024-10-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Logistics |
| spelling | doaj-art-ecd54f6c9b1f4706972fe46c1d37d4da2024-12-27T14:36:35ZengMDPI AGLogistics2305-62902024-10-01849910.3390/logistics8040099Integrating Logistics into Global Production: A New ApproachPablo Coto-Millán0David Paz Saavedra1Marta de la Fuente2Xose Luis Fernandez3Department of Economy, University of Cantabria, 39005 Santander, SpainDepartment of Economy, University of Cantabria, 39005 Santander, SpainDepartment of Economy, University of Cantabria, 39005 Santander, SpainDepartment of Economy, University of Cantabria, 39005 Santander, Spain<i>Background:</i> Logistics has become a key driver of global economic production. This study investigates the role of logistics in global economic production by presenting a novel theoretical framework that integrates logistics performance into traditional models as a determinant production factor. <i>Methods:</i> Using panel data from 85 countries between 2007 and 2022, the research measures logistics performance through the Logistics Performance Index (<inline-formula><math xmlns="http://www.w3.org/1998/Math/MathML" display="inline"><semantics><mrow><mi>L</mi><mi>P</mi><mi>I</mi></mrow></semantics></math></inline-formula>). <i>Results:</i> The analysis reveals that logistics performance, specifically factors such as customs efficiency, infrastructure quality, and tracking and tracing of shipments, significantly enhances global economic output. On the other hand, negative elasticities were observed for shipment timeliness and the cost competitiveness of international shipments, suggesting that inefficiencies in these areas can hinder economic growth. <i>Conclusions:</i> The findings underscore the need for targeted public policies to improve logistics infrastructure and efficiency, particularly in customs and trade logistics, to increase global production. Additionally, the study highlights the potential for improving the logistics sector to support sustainable development and economic interdependence among countries. This research provides important insights for policymakers and managers, indicating that effective logistics management can drive substantial improvements in production efficiency and overall economic performance.https://www.mdpi.com/2305-6290/8/4/99global productionproduction functionlogistics performance indexfixed effects modelrandom effects model |
| spellingShingle | Pablo Coto-Millán David Paz Saavedra Marta de la Fuente Xose Luis Fernandez Integrating Logistics into Global Production: A New Approach Logistics global production production function logistics performance index fixed effects model random effects model |
| title | Integrating Logistics into Global Production: A New Approach |
| title_full | Integrating Logistics into Global Production: A New Approach |
| title_fullStr | Integrating Logistics into Global Production: A New Approach |
| title_full_unstemmed | Integrating Logistics into Global Production: A New Approach |
| title_short | Integrating Logistics into Global Production: A New Approach |
| title_sort | integrating logistics into global production a new approach |
| topic | global production production function logistics performance index fixed effects model random effects model |
| url | https://www.mdpi.com/2305-6290/8/4/99 |
| work_keys_str_mv | AT pablocotomillan integratinglogisticsintoglobalproductionanewapproach AT davidpazsaavedra integratinglogisticsintoglobalproductionanewapproach AT martadelafuente integratinglogisticsintoglobalproductionanewapproach AT xoseluisfernandez integratinglogisticsintoglobalproductionanewapproach |