| Abstract |
This article represents the inaugural effort to establish a connection between green logistics and natural rents within the European region. In order to gauge natural rents accurately, we employ five distinct metrics, encompassing mineral rents, coal rents, forest rents, gas rents, and overall natural rents. Our research furnishes evidence indicating that the adoption of green logistics (GL) is poised to curtail the consumption of most natural resources, with the exception of coal. While GL does not exhibit statistical significance in the short term, it has a negative influence in the long term, reducing reliance on natural rents. To illuminate the relationship between institutional quality and natural rents, we incorporate six different indicators of institutions: accountability and voice, absence of violence/terrorism, political stability, government effectiveness, rule of law, regulatory quality, and control of corruption. Our findings underscore that integrating green logistics with institutions serves to diminish activities associated with natural rents. Additionally, with time, it is anticipated that the tangible effects of green logistics will become more apparent. These results hold up well when endogeneity, fixed effects, and heterogeneity are taken into account. |