Cargando…

Gross domestic product and logistics performance index drive the world trade: A study based on all continents

The purpose of this study was to examine the impact of Gross Domestic Product (GDP) and Logistics Performance Index (LPI) on international trade of nations across each continent and worldwide. Secondary data collected on 142 countries—37 Asian, 41 European, 41 African, 3 Oceania, 14 Middle East, 11...

Descripción completa

Detalles Bibliográficos
Autores principales: Jayathilaka, Ruwan, Jayawardhana, Chanuka, Embogama, Nilupul, Jayasooriya, Shalini, Karunarathna, Navodika, Gamage, Thisara, Kuruppu, Nethmali
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Public Library of Science 2022
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8893649/
https://www.ncbi.nlm.nih.gov/pubmed/35239704
http://dx.doi.org/10.1371/journal.pone.0264474
_version_ 1784662454596272128
author Jayathilaka, Ruwan
Jayawardhana, Chanuka
Embogama, Nilupul
Jayasooriya, Shalini
Karunarathna, Navodika
Gamage, Thisara
Kuruppu, Nethmali
author_facet Jayathilaka, Ruwan
Jayawardhana, Chanuka
Embogama, Nilupul
Jayasooriya, Shalini
Karunarathna, Navodika
Gamage, Thisara
Kuruppu, Nethmali
author_sort Jayathilaka, Ruwan
collection PubMed
description The purpose of this study was to examine the impact of Gross Domestic Product (GDP) and Logistics Performance Index (LPI) on international trade of nations across each continent and worldwide. Secondary data collected on 142 countries—37 Asian, 41 European, 41 African, 3 Oceania, 14 Middle East, 11 North American and 9 South American–were analysed across the years 2007, 2010, 2012, 2014, 2016, and 2018. Panel regression technique was applied and the random effect (RE) model was chosen based on the results of the Hausman tests and Breusch–Pagan Lagrange Multiplier test. The findings revealed that the LPI has a positive relationship with net exports globally and specifically within the continents of Asia, Europe, and Oceania. Moreover, while the GDP appears to have a significant negative impact on net exports, specifically within Asia, in contrast, countries in Oceania and the Middle East present a positive relationship. Also on the African continent, GDP has a significant negative impact on the net exports. Findings provide a holistic picture of the impact of LPI & GDP on net exports, which will assist governments in the formulation and revision of its strategies and policies to expedite the growth of exports and in turn, the economy. This study was the first of its kind to explore the impact of GDP and LPI on international trade of nations across worldwide.
format Online
Article
Text
id pubmed-8893649
institution National Center for Biotechnology Information
language English
publishDate 2022
publisher Public Library of Science
record_format MEDLINE/PubMed
spelling pubmed-88936492022-03-04 Gross domestic product and logistics performance index drive the world trade: A study based on all continents Jayathilaka, Ruwan Jayawardhana, Chanuka Embogama, Nilupul Jayasooriya, Shalini Karunarathna, Navodika Gamage, Thisara Kuruppu, Nethmali PLoS One Research Article The purpose of this study was to examine the impact of Gross Domestic Product (GDP) and Logistics Performance Index (LPI) on international trade of nations across each continent and worldwide. Secondary data collected on 142 countries—37 Asian, 41 European, 41 African, 3 Oceania, 14 Middle East, 11 North American and 9 South American–were analysed across the years 2007, 2010, 2012, 2014, 2016, and 2018. Panel regression technique was applied and the random effect (RE) model was chosen based on the results of the Hausman tests and Breusch–Pagan Lagrange Multiplier test. The findings revealed that the LPI has a positive relationship with net exports globally and specifically within the continents of Asia, Europe, and Oceania. Moreover, while the GDP appears to have a significant negative impact on net exports, specifically within Asia, in contrast, countries in Oceania and the Middle East present a positive relationship. Also on the African continent, GDP has a significant negative impact on the net exports. Findings provide a holistic picture of the impact of LPI & GDP on net exports, which will assist governments in the formulation and revision of its strategies and policies to expedite the growth of exports and in turn, the economy. This study was the first of its kind to explore the impact of GDP and LPI on international trade of nations across worldwide. Public Library of Science 2022-03-03 /pmc/articles/PMC8893649/ /pubmed/35239704 http://dx.doi.org/10.1371/journal.pone.0264474 Text en © 2022 Jayathilaka et al https://creativecommons.org/licenses/by/4.0/This is an open access article distributed under the terms of the Creative Commons Attribution License (https://creativecommons.org/licenses/by/4.0/) , which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.
spellingShingle Research Article
Jayathilaka, Ruwan
Jayawardhana, Chanuka
Embogama, Nilupul
Jayasooriya, Shalini
Karunarathna, Navodika
Gamage, Thisara
Kuruppu, Nethmali
Gross domestic product and logistics performance index drive the world trade: A study based on all continents
title Gross domestic product and logistics performance index drive the world trade: A study based on all continents
title_full Gross domestic product and logistics performance index drive the world trade: A study based on all continents
title_fullStr Gross domestic product and logistics performance index drive the world trade: A study based on all continents
title_full_unstemmed Gross domestic product and logistics performance index drive the world trade: A study based on all continents
title_short Gross domestic product and logistics performance index drive the world trade: A study based on all continents
title_sort gross domestic product and logistics performance index drive the world trade: a study based on all continents
topic Research Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8893649/
https://www.ncbi.nlm.nih.gov/pubmed/35239704
http://dx.doi.org/10.1371/journal.pone.0264474
work_keys_str_mv AT jayathilakaruwan grossdomesticproductandlogisticsperformanceindexdrivetheworldtradeastudybasedonallcontinents
AT jayawardhanachanuka grossdomesticproductandlogisticsperformanceindexdrivetheworldtradeastudybasedonallcontinents
AT embogamanilupul grossdomesticproductandlogisticsperformanceindexdrivetheworldtradeastudybasedonallcontinents
AT jayasooriyashalini grossdomesticproductandlogisticsperformanceindexdrivetheworldtradeastudybasedonallcontinents
AT karunarathnanavodika grossdomesticproductandlogisticsperformanceindexdrivetheworldtradeastudybasedonallcontinents
AT gamagethisara grossdomesticproductandlogisticsperformanceindexdrivetheworldtradeastudybasedonallcontinents
AT kuruppunethmali grossdomesticproductandlogisticsperformanceindexdrivetheworldtradeastudybasedonallcontinents