Determinants of Oilseed Export Performance in Ethiopia
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Date
2024-07-17
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A.A.U
Abstract
Exporting is the most important business endeavor for any country because it plays a vital role in economic development and job creation for the nation as a whole. The fundamental objective of the study was to identify those export performance factors in the case of oilseed export in Ethiopia. To explain and analyze the data, the study used an explanatory research design. Both quantitative and qualitative research approaches were applied. The study functionalized five independent (explanatory) variables and one dependent variable. The data for the research was collected via structured questionnaires based on the Likert scale measurement technique. The questionnaire was broadly composed of three main parts, and a total of 194 questionnaires were distributed to Ethiopian oilseed exporters, and all were filled out and returned. Since over two variables were applied in the study as well and the data was continuous, the researcher applied a multiple linear regression model for the analysis and assessment of the findings. The required tests, including validity, reliability, tests of multiple regression assumptions, and tests of projected hypotheses, were conducted in the study. Consequently, the research findings revealed that five of the stated factors have a positive and significant effect on the performance of oilseed exports performance at different levels of degree and magnitude. Among the factors associated, marketing factors were potentially affecting the performance of oilseed exports followed by macro- environmental factors, industry factors, company factors, and product factors, respectively. Climate variability, high bureaucracy, expensive transportation costs, lack of working capital, fluctuation of the exchange rate, the country's current political situation, shortage of required fertilizer, and minimum government support are some of the additional findings that hinder oilseed export performance. Accordingly, some of the recommended points issued by the respondents are that government should create a conducive environment for the exporters, increase the share of foreign currency to be allotted to exporters, increase the competitiveness of the local price, work closely with exporters, and all concerned bodies should work hand-in-hand to improve oilseed export performance and solve the problem amicably.