Relationship Between International Trade and Logistics: An Evaluation on Countries of Shanghai Pact and the Belt and Road Initiative
Journal Title: Journal of Intelligent Management Decision - Year 2023, Vol 2, Issue 1
Abstract
Although some of the resources required to meet human needs can be provided by a country, the rest must be supplied from other countries because not every country has all resources. Therefore, the demand for international trade emerges. A country earns incomes by selling its surplus and obtains scarce resources from other countries with these incomes. In this context, some political and economic initiatives have been established by countries, which work in harmony to facilitate and regulate international trade and create a common market. Two of them are Shanghai Pact and the Belt and Road Initiative (BRI). However, even if the initiatives meet certain common needs, it is very important to carry out logistics activities correctly in order to ensure effective and efficient foreign trade. If planned and correctly carried out, logistics activities are expected to make both import and export processes efficient and reduce resource usage. In this study, it is aimed to examine the effects of logistics performance in international trade in countries of Shanghai Pact and the BRI. In order to measure logistics performance in the research, two kinds of data are used, namely, the Logistics Performance Index (LPI) data, published by the World Bank every two years, and the import and export data, also published by the World Bank. With six sub-criteria of LPI modeled as independent variables and import and export as dependent variables, Tobit analysis is made by using EViews 10 software package. According to the analysis results, customs clearance, logistics quality and traceability have effects on export, and infrastructure, customs clearance and logistics quality have effects on import.
Authors and Affiliations
Salim Üre, Oğuzhan Demir, Çağatay Karaköy, Alptekin Ulutaş
Keywords
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- EP ID EP752350
- DOI https://doi.org/10.56578/jimd020104
- Views 6
- Downloads 0
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