An assessment of the impact of logistics and related infrastructure on the economy: A comparative analysis of the visegrad countries

On a global scale, effective logistics and the management thereof are critical for sustainable economic growth. Logistics are seen as the support sector of the economy that ‘oils the wheels’ for growth. The objective of the study was to analyse the impact of the logistics sector and related infrastructure on economic activities. The focus of the study was on the four Visegrad countries and a quantitative research methodology was followed. A three-phased data analysis approach was followed. Firstly, a descriptive comparative data analysis was completed; secondly, a comparative logistics index was constructed; and lastly, secondary panel time series data were used to determine the relationships between variables using Granger causality tests. In terms of results, Poland had the highest economic logistics index, followed by the Czech Republic, Slovakia and lastly, Hungary. From the literature review and data analysis, well-developed, managed and maintained logistic infrastructure could significantly enhance economic growth. Development policies should be directed to such strategies. The scientific contribution of the research is the formulation of the comparative logistics index.