The Issue of Logistics and Its Correlation to Economic Growth in Turkey: An Empirical Application

The Issue of Logistics and Its Correlation to Economic Growth in Turkey: An Empirical Application

Berrak Erkumru Can, Dilek Temiz Dinç, Aytaç Gökmen
Copyright: © 2021 |Pages: 15
DOI: 10.4018/IJAL.2021010105
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Abstract

Logistics is a considerable issue for the development of a state and its economy. Logistics is involved the forward and backward flows of goods and services from the point of production and point of consumption, and it is considerable for the development of the economy of a country. Yet, the aim of this paper is to review the correlation between the logistics sector of the Turkish Republic and its correlation to economic growth by employing Augmented Dickey Fuller-ADF, Phillips-Perron (PP), Kwiatkowski, Phillips, Schmidt, Shin (KPSS), Elliott, Rothenberg and Stock Point Optimal, and Ng-Perron unit root tests. As a result, there is a bidirectional positive causality between logistics sector and economic growth in the long-term, but there is no causality for short term. Moreover, the novelty of this paper is that it is the most up-to-date study to research logistics and its correlation to economics in Turkey.
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Logistics And Its Correlation To Business & Economics

Logistics is a fundamental element economic improvement, economic growth as well as spatial and market integration. It has an important effect on economic performance in different industries and state economies. On the contrary to the past, nowadays, the significance of logistics and the necessity for its construction and improvement on a global, regional and domestic level has become more and more significant. When debating the issue of the development of logistics, the main considerations are logistics and transportation infrastructure, harmonization of regulations and law and the creation of an economic environment that is conducive to the overall development of a country (Kilibarda et al., 2019; Wang, 2010).

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