Green Supply Chain Management to Spur Economic, Social, and Environmental Performance: Novel Insight From Latin American Countries

Green supply chain management, or GSCM, has become an indispensable plan for advancing sustainable development worldwide. It can simultaneously enhance social, economic, and environmental outcomes. This study aims to investigate the impact of GSCM on key performance measures in Latin American economies and assess its implications for sustainable growth from 2000 to 2020. The analysis utilizes the method of moments quantile regression (MMQR) to estimate the long-term nexus among the understudied series. Findings indicate that GSCM positively influences economic performance indicators like GDP, trade openness, and employment growth. Socially, GSCM is associated with enhanced human capital and is inversely related to water and air pollution deaths. Environmentally, it significantly reduces PM2.5 levels, carbon emissions, and fuel consumption. Causality analysis reveals a unidirectional influence of employment growth, human capital, and PM2.5 on GSCM and a bidirectional relationship between trade openness, carbon emissions, and pollution-related deaths with GSCM. The study underscores the necessity for policies integrating GSCM to spur economic growth and improve public health and environmental quality across Latin American nations.