Estimating Trade Facilitation in a Regional Integration Initiative: Leveraging the Logistics Performance Index
Date Issued
2024-03
Author(s)
DOI
https://doi.org/10.31410/EMAN.S.P.2024.11
Abstract
This study examines trade determinants, with a particular focus
on logistics within the context of a regional integration initiative. A gap in
the literature concerning the application of gravity models to the TRACECA
initiative is identified through the literature review. Subsequently, an analysis
of the legal framework underpinning TRACECA is undertaken. Utilizing
the World Bank’s Logistic Performance Index (LPI) within a gravity model
framework, the study evaluates the impact of trade facilitation within the
TRACECA region. Findings indicate positive associations between trade and
GDP, common language, and shared borders, while distance exerts a negative
influence. The research underscores the role of the LPI in facilitating
trade within TRACECA, advocating for collaborative endeavors to enhance
logistics, remove latent barriers, and streamline customs procedures. Furthermore,
the study advocates for increased investment to strengthen
TRACECA’s trade facilitation initiatives, emphasizing the necessity of mutual
political commitment to advance regional trade.
on logistics within the context of a regional integration initiative. A gap in
the literature concerning the application of gravity models to the TRACECA
initiative is identified through the literature review. Subsequently, an analysis
of the legal framework underpinning TRACECA is undertaken. Utilizing
the World Bank’s Logistic Performance Index (LPI) within a gravity model
framework, the study evaluates the impact of trade facilitation within the
TRACECA region. Findings indicate positive associations between trade and
GDP, common language, and shared borders, while distance exerts a negative
influence. The research underscores the role of the LPI in facilitating
trade within TRACECA, advocating for collaborative endeavors to enhance
logistics, remove latent barriers, and streamline customs procedures. Furthermore,
the study advocates for increased investment to strengthen
TRACECA’s trade facilitation initiatives, emphasizing the necessity of mutual
political commitment to advance regional trade.
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