Financial Crises and the National Logistics Performance : Evidence From Emerging and Developing Countries

This study explores the effects of financial crises on the national logistics performance using a panel of more than 100 emerging and developing countries over the period 2007-2017. We focus on different types of financial crises (banking, currency, and debt crises) and find that any type of financial crisis undermines the national logistics performance. By focusing on critical dimensions of the national logistics performance, we find that financial crises have a negative impact on logistics-supported infrastructure, market size, education and training, technological readiness, and innovation. This impact is more pronounced in low-income countries and in election years, while it weakens in the presence of majority governments and when right-wing governments stay in office