A Panel analysis of the Factors Affecting Economic Growth : A Focus on Logistics Performance

This study investigates the determinants of economic performance, measured through GDP and GDP per capita growth, among the top 30 logistics-performing countries from 2007 to 2022. Using a robust panel analysis framework, the research explores the impact of foreign direct investment (FDI) inflows, research and development (R&D) expenditure, information and communication technology (ICT) outflows, government efficiency, and logistics performance on economic outcomes. Drawing from endogenous growth theory, technology-based trade theory, and new institutional economics, the study develops a comprehensive theoretical model that encapsulates the multifaceted influences of technological advancement, institutional quality, and economic resilience. Additionally, the analysis incorporates the effects of the 2008 financial crisis and the COVID-19 pandemic as control variables to understand their disruptions on economic stability. The findings reveal that FDI, R&D, and ICT outflows significantly positively affect GDP growth, while government efficiency and logistics performance are critical enablers of sustained economic success. The results underscore the importance of strategic investments in technology and institutional capacity for enhancing global competitiveness. This research offers crucial insights for policymakers and stakeholders, emphasizing the need for balanced sectoral development and robust crisis management frameworks to bolster economic resilience.