WHAT IS THE ROLE OF FINANCIAL DEVELOPMENT 0N GREEN LOGISTIC? EVIDENCE FROM OECD COUNTRIES

Abstract

The aim of the study is to reveal the relationship between green logistics and financial development using data from OECD countries between 2000-2020. The Panel ARDL approach was used in the study to display the relationship between non-stationary series of the same degree in both the short and long terms. The findings show that there is a statistically significant and positive relationship between green logistics and financial development in the long run, while a negative relationship with trade openness. In addition, no statistically significant relationship was found between foreign direct investments and green logistics. Based on previous research, the previous research have reported that the relationship between green logistics and economic indicators is generally highlighted. However, this study investigates the relationship between financial development, a financial indicator, and green logistics. Thus, it is believed that this study will fill a gap in the literature.

Keywords

• Green Logistic
• Financial Development
• Trade Openness

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