Naslov
The effects of transport infrastructure and logistics services on international trade and economic growth: the case of Central and Eastern European Member States (CEMS)
(THE EFFECTS OF TRANSPORT INFRASTRUCTURE AND LOGISTICS SERVICES ON INTERNATIONAL TRADE AND ECONOMIC GROWTH: THE CASE OF CENTRAL AND EASTERN EUROPEAN MEMBER STATES (CEMS))

Autori
Zaninović, Petra Adelajda

Vrsta, podvrsta i kategorija rada
Ocjenski radovi, doktorska disertacija

Fakultet
Ekonomski fakultet

Mjesto
Rijeka

Datum
11.03

Godina
2022

Stranica
128

Mentor
Pavlić Skender, Helga ; Zajc Kejžar, Katja

Ključne riječi
transport infrastructure ; logistics performance index ; trade facilitation ; bilateral trade ; supply-chain trade ; global value chains ; economic growth ; CEMS

Sažetak
The aim of this dissertation is to investigate the impact of transport infrastructure and logistics performance on international trade and economic growth in the Central and Eastern European Union Member States (CEMS). The dissertation is divided in three separate and interrelated research papers. In the first research paper, the question of the role of transport infrastructure in the economy is revisited through the construction of two empirical econometric models. The first model estimates the impact of road and rail infrastructure on economic growth, considering population growth, investment in infrastructure and trade openness. The second model is used to check the robustness of the first model and follows the Aschauer's (1989) aggregate production function. The analysis is based on a panel data regression with fixed effects estimator (FE). The results of the first model show a significant and positive relationship between road infrastructure and economic output, and significant but negative relationship between rail infrastructure and economic output. The results of the estimation of aggregate production function suggest that among all types of infrastructure, only road transport infrastructure shows significant positive effects on economic output. Although overall results show inconclusive results, they should be seen in a broader context where transport infrastructure is a public good and investment in it is necessary to ensure the territorial, economic and social cohesion of CEMS countries. The second research paper examines the impact of logistics performance on bilateral trade of the EU15 and CEMS countries. The analysis is based on a structural gravity model estimated with the Poisson Pseudo-Maximum Likelihood Estimator (PPML). The results show that there is a significant relationship between logistics performance and EU15 and the CEMS bilateral trade, with heterogeneous effects of the elements of logistics performance on trade in different product groups. The third research paper incorporates other elements of logistics performance and trade facilitation, i.e., hard and soft infrastructure, into international trade in addition to logistics performance. The aim is to assess the impact of trade facilitation, distinguishing between traditional trade and supply chain trade. In the first step, factor analysis is used to construct indicators of trade facilitation. In the second step, the effects of trade facilitation indicators on gross trade and trade value added data are estimated with the empirical model specification based on a structural gravity model. To address the issues of heteroscedasticity and zero trade values, the PPML estimator is also used. The results suggest that different elements of trade facilitation are significant and have different degrees of relevance to traditional and supply chain trade. The findings obtained in the dissertation contribute to the existing body of knowledge in this research area from a theoretical and applicative perspective and offer recommendations for potential improvements in the areas of transportation, logistics, and trade facilitation.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

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