Influence of logistics efficiency on economic growth of the CIS countries

Abstract

Logistics has become one of the foremost spheres that affect economic growth. In its reports, the World Bank analyzes the effectiveness of the LPI logistics index of the world, and states that the logistics sector plays an important role in the competitiveness of many countries. The authors, using the example of the CIS countries, analyze the influence of LPI over 10 years, and carry out factor analysis, which considers both the logistics sector (transport, telecommunications) and economic indicators (GDP, trade, industry, etc.). Groups of factors such as industry (general and agricultural), investment and trade: auto transport, freight turnover, communications; railway and air transport, service and mobile network and exports were identified based on the results of the study. These factors are closely interrelated. This interrelation plays an important role in the development of economic growth of countries. It was revealed that the efficiency of logistics affects over not only economic growth, but also the further development of a country in the global world.