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DOI 10.9770/IRD.2022.4.3(1)
Reference to this article should be made as follows:
Rakauskienė, O. G.; Petkevičiūtė-Stručko, M. 2022. Determinants of logistics’ performance: a new approach towards analysis of economic corridors and institutional quality impact, Insights into Regional Development 4(3): 11-33. https://doi.org/10.9770/IRD.2022.4.3(1)
Received: 2022-05-15  |  Accepted: 2022-07-10  |  Published: 2022-09-30

Title

Determinants of logistics’ performance: a new approach towards analysis of economic corridors and institutional quality impact

Abstract

Recently, the relationship between economic corridors and logistics performance has been intensively investigated. However, only few studies analyze other factors through which the economic corridors affect logistics quality. Therefore, we aim to estimate the impact of economic corridors on logistics performance, in a way to account for institutional effect, by constructing multiplicative interaction model. Our proposed model was tested using the difference-in-differences estimator and panel data of 36 European countries along The Belt and Road Economic Corridors between 2007 and 2018. Considering robustness tests and appropriate estimation techniques our analysis showed that economic corridors affect countries logistics performance via institutional quality. However, several limitations need to be acknowledged. The first one is related to the availability of the data as The Belt and Road Initiative (BRI) was introduced only recently, limiting the length of the analyzed period. Secondly, no official or generally accepted definition of the BRI exists, thus it is very difficult to identify its geographical scope. Therefore, applying the same methodology for data, several years after the announcement of BRI, future research could include more countries and additional time periods to explore the matter in more detail. Despite the fact, our approach assumes that the initiatives of economic corridors should be accompanied by stronger institutions and good governance to have higher levels of countries logistics performance. Moreover, this study confirms that economic corridors is very complex economic phenomenon and further studies should consider the role of moderators of this nexus.

Keywords

economic corridors, logistics performance, belt and road initiative, institutional quality, moderators, interaction term

JEL classifications

C23 , C51 , O43 , O52 , R11 , R40

URI

http://jssidoi.org/ird/article/103

DOI

DOI 10.9770/IRD.2022.4.3(1)

Pages

11-33

Funding

The publishid was partly supported by the project, which has received funding from the European Union's Horizon 2020 research and innovation programme European Research Council (ERC) under the European Union's Horizon 2020 research and innovation programme Marie Sklodowska-Curie Research and Innovation Staff Exchanges ES H2020-MSCARISE-2014 CLUSDEVMED (2015-2019) Grant Agreement Number 645730730

This is an open access issue and all published articles are licensed under a
Creative Commons Attribution 4.0 International License

Authors

Rakauskienė, Ona Gražina
Mykolas Romeris University, Vilnius, Lithuania https://www.mruni.eu
Articles by this author in: CrossRef |  Google Scholar
Petkevičiūtė-Stručko, Monika
Mykolas Romeris University, Vilnius, Lithuania https://www.mruni.eu
Articles by this author in: CrossRef |  Google Scholar

Journal title

Insights into Regional Development

Volume

4

Number

3

Issue date

September 2022

Issue DOI

DOI 10.9770/ird.2022.4.3

ISSN

ISSN 2345-0282 (online)

Publisher

VšĮ Entrepreneurship and Sustainability Center, Vilnius, Lithuania

Cited

Google Scholar

Article views & downloads

HTML views: 520  |  PDF downloads: 243

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