GREEN SUPPLY CHAIN PERFORMANCE AND ENVIRONMENTAL SUSTAINABILITY: A PANEL STUDY

Background: The objective of this research is to identify the relationship between green logistics operations, national economic and environmental indicators in a panel of 42 selected global ranked logistics countries over the period from 2007 to 2018. The study aims to expand the domain of green logistics from the micro/firm level to the macro level. Methods: This research paper has used a summary OLS (Ordinary Least Squares) method to test hypotheses. From 2007 to 2018, data panels for 42 countries were downloaded from the World Bank website. Results: The findings of this study indicate that in selected panel countries, the green logistics business has a positive and statistically significant relationship with foreign direct investment inflows, renewable energy consumption, and energy demand. On the other hand, there is a significant negative correlation between CO2 emissions and green logistics. In addition, foreign direct investment and renewable energy are the driving factors of the green logistics business and also promote environmental sustainability. Conclusions: This research paper provides insights into the relationship between green logistics operations and economic and environmental sustainability. In addition, the scope of this research paper is much broader than previously published research papers, in which researchers discovered the relationship between green logistics and corporate performance. However, this research paper focuses on the macro level to understand the link between green logistics and national size indicators.