Abstract

The main purpose of this research is to examine the relationship between the logistics performance index and economic growth and financial development. The data set of 157 countries for the years 2010-2018 was used in the study. Eviews and Gretl programs were used for empirical analysis. An empirical analysis, Im-Pesaran-Shin unit root, Kao and Pedroni cointegration, Panel FMOLS and Dumitrescu Hurlin Panel Causality tests were used. As a result of the analyzes, it has been determined that there is a long-term cointegration between the logistics performance index and the variables of economic growth and financial development. As a result of the FMOLS estimator, it was determined that the coefficient of the logistics performance index variable of financial development and economic growth was positive and statistically significant. In addition, a one-way causality relationship was determined between the logistics performance index and economic growth and financial development.

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