Exploring the Interplay of Socio-economic and Environmental Factors in Green Logistics: An Analysis of G7 Countries

Authors

Muhammad Ramzan Sheikh(1) Muhammad Ramzan Sheikh Affiliation Associate Professor, School of Economics Bahauddin Zakariya University, Multan Other articles by this author , Romaisa Arif(2) Romaisa Arif Corresponding author Affiliation PhD Scholar School of Economics Bahauddin Zakariya University Multan Email addressromaisaarif91@gmail.com Other articles by this author , Abeera Rajpoot Abeera Rajpoot Other articles by this author , Muhammad Imran Mushtaq Muhammad Imran Mushtaq Other articles by this author

  1. Associate Professor, School of Economics Bahauddin Zakariya University, Multan
  2. PhD Scholar School of Economics Bahauddin Zakariya University Multan

https://doi.org/10.36923/jcmi.v4i1.547

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Abstract

The study aimed to examine the socio-economic and environmental factors influencing green logistics in G7 countries. The study applied FMOLS and DMOLS techniques by using panel data spanning from 2007 to 2021. The findings indicate a positive association between green logistics indices and per-capita GDP growth, indicating that supply chain management is aligned with economic growth and corporate environmental policies to yield long-term benefits. Moreover, the panel causality analysis revealed one-way connections from a per-capita GDP and socio-economic factors to the logistics index. The study supports the "neutrality hypotheses" concerning the relationships between foreign direct investment (FDI), trade, and logistics index during the given time period. These findings emphasize the importance of adopting integrated sustainable chain management to promote environmental development. The study advocates for businesses to adopt a "go-for-green" approach to align with the environmental sustainability agenda. The findings provide valuable insights for policymakers, business leaders, and researchers working towards sustainable development in G7 countries.

Article information

Keywords
logistics performanceper capita GDPtradeco2 emissionsfossil fuel emissionsG7 countries
Section
Articles
Issue
Vol. 4 No. 1 (2023)
Submitted
May 31, 2023
Accepted
July 12, 2023
Published
June 30, 2023
Corresponding author
Romaisa Arif
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