Renewable Energy, Macroeconomic Stability and the Sustainable Development of the Logistics Sector: Evidence from the Visegrad Countries

This article analyses the impact of renewable energy sources (RESs) and macroeconomic stability on the sustainable development of the logistics sector in countries in the Visegrad Group (V4) from 2008 to 2023. The study is based on indicators that describe three dimensions of logistics development: economic (EDL), social (SocDL), and environmental (EnvDL), as well as the indicator of renewable energy sources (RE) and macroeconomic stabilisation (M). Lagged regression analyses and SUR models are used to capture both the current and delayed effects of energy and economic policies. The results show that the development of renewable energy has the greatest and most stable impact on logistics development, particularly in Hungary and Slovakia, where it supports the dynamic growth of environmental and social indicators. In Poland, the effect of renewable energy sources is more variable and manifests itself with a delay, reflecting the costs of the energy transition. Macroeconomic stability plays a smaller but still important role, improving investment predictability and the sector’s resilience to crises, although its impact is varied and often manifests over a longer period. This study’s innovation is the simultaneous inclusion of energy and macroeconomic perspectives in logistics analysis, demonstrating that sustainable development of the sector is only possible by simultaneously strengthening both of these pillars.