Causal Relationship of Logistics Performance Gross Domestic Product and Governance
Keywords:business, economics, logistic performance, GDP, governance, panel causality tests
This study investigates the short-run and long-run relationship between a country’s logistic performance, GDP, and governance. Although several studies have explored the relationship between governance indicators and economic growth, up to now, no attempt has been made to quantify the relationship and direction of causality between logistic performance, GDP, and governance for African countries. Using data from forty-seven African countries for the period 2007-2018, we conduct our empirical analyses using the panel error correction model. The contribution of this study is by using a panel-data approach to a variety of factors, it attempted to explain the variance in the LPI for the selected countries.