This panel study investigates the relationship between green logistics indices, economic, environmental, and social factors in the perspective of Asian emerging economies. This study adopted Fully Modified OLS (FMOLS) Model and Dynamic OLS (DOLS) Model methods to test the research hypothesis, catering the problem of endogeneity and serial correlation. The results suggest that logistics operations, particularly LPI2 (efficiency of customs clearance processes), LPI4 (quality of logistics services), and LPI5 (trade and transport‐related infrastructure), are positively and significantly correlated with per capita income, manufacturing value added and trade openness, whereas greater logistics operations are negatively associated with social and environmental problems including, climate change, global warming, carbon emissions, and poisoning atmosphere. In addition, human health is badly affected by heavy smog, acid rainfall, and water pollution. The findings further extend and reveal that political instability, natural disaster, and terrorism are also a primary cause of poor economic growth and environmental sustainability with poor trade and logistics infrastructure. There is very limited empirical work presented in the literature using renewable energy and green ideology to solve macro‐level social and environmental problems, and this study will assist the policy makers and researchers to understand the importance of the green concept in improving countries' social, economic, and environmental performance.
This article examines the association between green logistics operations, social, environmental and economic indicators of SAARC (South Asian Association for Regional Cooperation) countries. The research used GMM (Generalized Method of Moments) and FGLS (Feasible Generalized Least Squares) two methods to tackle the problems of heterogeneity, serial correlation and heteroskedasticity. The findings show that fossil fuel consumption is at the heart of logistics operations; the more fossil fuel and non-green energy resources that are used, the more negative effects on society and environmental sustainability result from this. A lower quality of transport-related infrastructure and logistics services is negatively correlated with fossil fuel usage, carbon emissions, health expenditure, greenhouse gas emissions and political instability of SAARC countries. Conversely, efficient customs procedures and greater information sharing among supply chain partners increase trade opportunities and also improve environmental sustainability in terms of minimum carbon emissions due to the shorter waiting and queue times involved. Further, the application of green energy resources and green practices can mitigate negative effects on social and environmental sustainability due to better logistics operations while improving financial performance in terms of higher GDP per capita, trade openness and greater export opportunities around the globe. As there is very limited research using green practices relationship with macro-level indicators in current literature, this research will assist both practitioners and policymakers to understand the roles of green supply chain and green logistics in enhancing environmental sustainability, social improvement and economic growth for a better future.
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