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 language | English |
|---|---|
| Journal | Zagreb international review of economics and business/Zagreb international review of economics & business |
| Volume | 27 |
| Issue number | 2 |
| Pages | 199-222 |
| Publisher | De Gruyter Open |
| ISSN | 1331-5609 · 1849-1162 |
| DOI | 10.2478/zireb-2024-0023 |
| Publication status | Published — 1 November 2024 |
Keywords
UN Sustainable Development Goals
- 9 — Industry, innovation and infrastructure
- 8 — Decent work and economic growth