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The Impact of Logistics and Infrastructure on Economic Growth
Chi Dieu Thi NGUYEN,Bao Thai LUONG,Huong Lan Thi HOANG 한국유통과학회 2021 The Journal of Asian Finance, Economics and Busine Vol.8 No.6
The study aims to evaluate the impact of the determinants of logistics on Vietnam’s economy, especially the period after Vietnam joined WTO. We used the logistics indexes as a representative for the logistics sector to assess their impacts. Vietnam’s logistics data is collected from World Bank in the period from 2007 to 2019. Our research also used the OLS regression model to assess the influence of logistics on the Vietnam economy with independent and dependent variables. Six independent variables are representing for logistics activities such as logistics infrastructure (Log 1), logistics service quality (Log 2), on-time shipment (Log 3), up-to-date delivery information (Log 4), logistics competitive price (Log 5), and convenient customs (Log 6). The results of models showed that the logistics infrastructure, the on-time shipment, up-to-date delivery, and the competitive price have impacted positively on Vietnam’s economy. While the service quality has an insignificant effect and the convenient customs (Log 6) have significant negative effects. The results of the studying also indicated that the models are appropriate to evaluate the influence of logistics on Vietnam’s economy. Moreover, the Vietnam government can use these findings to formulate suitable economic policies, especially logistics policies on the integration process.
ScienceON
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