Logistics connectivity, foreign investments and trade relationships in ASEAN countries

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dc.contributor.authorCanbay, Serif
dc.contributor.authorKarahan-Dursun, Pinar
dc.contributor.authorSengul, Serkan
dc.date.accessioned2026-07-01T11:39:49Z
dc.date.available2026-07-01T11:39:49Z
dc.date.issued2026
dc.departmentDüzce Üniversitesi
dc.description.abstractPurposeThis study examines the causal relationships among the export volume index, the liner shipping connectivity index (LSCI) and foreign direct investment (FDI, net inflows as % of GDP) for the five founding members of ASEAN-Indonesia, Malaysia, the Philippines, Singapore and Thailand-during the 2006-2021 period.Design/methodology/approachThe analysis applies the panel bootstrap causality test developed by K & oacute;nya (2006), which allows for country-specific inferences without requiring cross-sectional independence or parameter homogeneity. Three models are estimated to identify the direction and nature of causal linkages among the variables.FindingsThe results show evidence of Granger causality from LSCI and FDI to exports in the Philippines, Singapore and Thailand, with positive estimated coefficients indicating that stronger maritime connectivity and investment inflows are associated with higher export performance. Causality also runs from exports to LSCI in Indonesia and the Philippines, suggesting that trade expansion stimulates infrastructure improvements. While FDI negatively affects LSCI in Indonesia, a positive coefficient is observed for the Philippines. In addition, LSCI Granger-causes FDI in the Philippines and Singapore, reflecting the role of maritime connectivity in attracting investment. These results highlight substantial cross-country heterogeneity in trade, logistics and investment dynamics.Research limitations/implicationsThe analysis is limited to five ASEAN founding members and to the 2006-2021 period due to the availability of the LSCI data. Future research may extend the analysis to other ASEAN economies or incorporate additional macroeconomic factors.Practical implicationsThe findings provide valuable insights for policymakers seeking to enhance maritime infrastructure, attract FDI and strengthen regional trade integration through improved logistic connectivity.Originality/valueThis study contributes to the literature by simultaneously examining the bidirectional and country-specific causal linkages among maritime connectivity, trade and investment using a robust panel bootstrap approach, offering new empirical evidence on the structural heterogeneity of ASEAN economies.
dc.identifier.doi10.1108/MABR-09-2025-0090
dc.identifier.endpage104
dc.identifier.issn2397-3757
dc.identifier.issn2397-3765
dc.identifier.issue1
dc.identifier.scopus2-s2.0-105028925457
dc.identifier.scopusqualityQ2
dc.identifier.startpage91
dc.identifier.urihttps://doi.org/10.1108/MABR-09-2025-0090
dc.identifier.urihttps://hdl.handle.net/20.500.12684/23465
dc.identifier.volume11
dc.identifier.wosWOS:001673798400001
dc.identifier.wosqualityQ3
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakScopus
dc.language.isoen
dc.publisherEmerald Group Publishing Ltd
dc.relation.ispartofMaritime Business Review
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/openAccess
dc.snmzKA_WOS_20260623
dc.subject[Keyword Not Available]
dc.titleLogistics connectivity, foreign investments and trade relationships in ASEAN countries
dc.typeArticle

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