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Article

Does Trade Facilitation Matter for Human Development in Lower-Middle-Income Countries?

Abstract

Abstract This study aims to examine the impact of trade facilitation measures on human development in lower-middle-income countries. For this purpose, we employ panel data analysis for the 2007-2019. We estimate the relationship using four models: feasible generalized least squares, incorrect generalized least squares, panel-corrected standard errors, and Driscoll-Kraay. Our findings demonstrate that trade facilitation measures, particularly those related to port infrastructure quality and maritime transport efficiency, significantly contribute to human development in lower-middle-income countries. Based on these results, we recommend that the governments of these countries should prioritize implementing these measures, particularly those that enhance the port and maritime transport sector as a promising strategy to achieve human development.

Details

Original languageEnglish
JournalZagreb international review of economics and business/Zagreb international review of economics & business
Volume27
Issue number2
Pages199-222
PublisherDe Gruyter Open
ISSN1331-5609 · 1849-1162
DOI10.2478/zireb-2024-0023
Publication statusPublished — 1 November 2024

Keywords

UN Sustainable Development Goals

  • 9 — Industry, innovation and infrastructure
  • 8 — Decent work and economic growth

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