A Correlative Study of Modern Logistics Industry in Developing Economy and Carbon Emission Using ARDL: A Case of Pakistan

Dong Mu; Salman Hanif; Khalid Mehmood Alam; Omer Hanif

doi:10.3390/math10040629

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A Correlative Study of Modern Logistics Industry in Developing Economy and Carbon Emission Using ARDL: A Case of Pakistan

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A Correlative Study of Modern Logistics Industry in Developing Economy and Carbon Emission Using ARDL: A Case of Pakistan

Dong Mu, Salman Hanif, Khalid Mehmood Alam and Omer Hanif

Mathematics (Basel), Vol.10(4), 629

18/02/2022

DOI: https://doi.org/10.3390/math10040629

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Abstract

Mathematics

Physical Sciences

Science & Technology

modern logistics industry

carbon emission

logistics energy consumption

economic prosperity;

ARDL

sustainable development

The modern logistics industry in relation to economic growth and carbon emission has opened new strategic perspectives. Recent research work have analyzed such complex interference from a broad perspective. However, analyzing this overlap needs comprehensive insight into the logistics industry while simultaneously estimating its short-run and long-run effects from regional aspects due to continue-evolving factors and their impact on it. This paper competently analyzes logistics industry components in connection with economic prosperity, energy consumption, trade development, and carbon emission from a more specific regional perspective of a developing country. Methodologically, an autoregressive distributive lag model (ARDL) is employed using correlative evaluation of the dynamic factors and their interactive impact in short and long run on this relation, based on time-series data of Pakistan from 1990 to 2019. The study results endorse the previous studies' outcomes by recognizing that an increase in carbon emission depends on trade development, energy usage, economic development, and the logistics industry's various components except for air logistics. However, study results show a unidirectional long-run causality directing from economic development, logistics industry, energy utilization, and trade development to carbon emission. Moreover, these results reveal that this emission is the leading factor to introduce stringent emission standards that further overlap with regional demographics trends, i.e., carbon emission implications. These findings imply that economic development applies a substantial demand-pull impact on national logistics, i.e., regional economic development directs to the growth of the logistics industry in the corresponding region. Consequently, high-income geographical regions have higher long-run risk concerning contemporary developmental activities of the logistics industry when adhering to carbon emission standards. Particularly, the influence of upcoming emission standards must be prioritized when planning the future returns of contemporary research and development activities of the logistics industry in a given geographic area, such as CPEC. Given Pakistan's perspective, the proposed empirical analysis can be exampled to other developing countries. This analysis may facilitate the design and development of strategies for upcoming financial funding in the modern logistics industry to seek its sustainable development-goals in developing economies.

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Title: A Correlative Study of Modern Logistics Industry in Developing Economy and Carbon Emission Using ARDL: A Case of Pakistan
Creators: Dong Mu - Beijing Jiaotong University
Salman Hanif - Beijing Jiaotong University
Khalid Mehmood Alam - Karakoram International University
Omer Hanif - Southern Cross University
Publication Details: Mathematics (Basel), Vol.10(4), 629
Publisher: Mdpi
Number of pages: 18
Grant note: 72172012 / National Natural Science Foundation of China; National Natural Science Foundation of China (NSFC)
Identifiers: 991013121010602368
Copyright: © 2022 by the authors. Licensee MDPI, Basel, Switzerland. This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license (https://creativecommons.org/licenses/by/4.0/).
Academic Unit: Faculty of Business, Law and Arts
Language: English
Resource Type: Journal article

A Correlative Study of Modern Logistics Industry in Developing Economy and Carbon Emission Using ARDL: A Case of Pakistan

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