An Empirical Investigation of Performance of Logistics and Economic Growth Nexus in Sub-Saharan Africa: Panel Data Approach

Demilie Basha Hailu, Meron Zenaselassie

Abstract: The paper investigates the Performance of logistics and economic growth nexus in Sub-Saharan Africa. Accordingly, it is conducted using a panel data analysis on the basis of 19 sub-Saharan African countries from 2007 to 2014. Though the performance of Logistics is in its grass root level, it brings a meaningful change on economic growth. Inflation has a significant and negative effect on growth. However, financial development, proxied by private credit and broad money supply, is insignificant. The result confirms continues human development and an efficient, liberalized and well developed financial system are needed to bring rapid economic growth.

Keywords: Logistics performance, GDP, sub-saharan countries