Research Article
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Year 2022, Volume 6, Issue 3, 370 - 377, 23.09.2022
https://doi.org/10.31015/jaefs.2022.3.5

Abstract

References

  • Abah, D.A., Mbanasor, J.A., Agwu, M.N. (2018). Analysis of the Factors Influencing Choice of Marketing Outlets by Ginger Producers in Kaduna State, Nigeria. Journal of Agriculture and Food Environment 5(3): 38 – 47.
  • Aro-Gordon, S. (2017). Econometrics Analysis of Exchange Rate and Export Performance in a Developing Economy. Asian Economic and Financial Review 7 (4): 334 – 348.
  • Aurangzeb, A. (2006). Export, Productivity and Economic Growth in Pakistan: A Time Series Analysis. The Lahore Journal of Economics 11 (1): 1 – 18.
  • Dania, E.N., Ogedemgbe, F.A. (2019). Impact of Exchange Rate Volatility on Non-Oil Export Performance in Nigeria. Open Journal of Economics and Commerce 2 (1): 32 – 39
  • Dawson, P.J. (2005). Agricultural Exports and Economic Growth in Less Developed Countries. Agricultural Economics 33: 145 – 152
  • Gbetnkom, D., Khan, S.A. (2002). Determinants of Agricultural Exports: The Case of Cameroon. AERC Research Paper 120, AERC, Nairobi, Kenya.
  • Gilbert, N.A., Linyong, S.G., Divine, G. M. (2013). Impact of Agricultural Export on Economic Growth in Cameroon: Case of Banana, Coffee and Cocoa. International Journal of Business and Management Review 1 (1): 44 – 71.
  • Ihuoma, A.A., Micah, D. (2018). Impact of Ginger Production on Poverty Alleviation in Kaduna State, Nigeria. IOSR Journal of Economic and Finance 3 (2): 37 – 44.
  • ITC (2001). Product File: Spices and Culinary Herbs. UNCTAD Discussion Documents Brussels Pp 2 – 11.
  • Jaffee, S. (2004). Delivering and Taking the Heat: Indian Spices and Evolving Product and Process Standards. Agricultural and Rural Development Discussion Paper, World Bank. Washington DC .
  • Joseph, D.N., Oswald, T., Chalse, A.A. (2014). The Impact of Exchange Rate Movement on Exports: Empirical Evidence from Ghana. International Journal of Academic Research in Accounting, Finance and Management Sciences 4 (3): 41 – 48.
  • Khaled, A. (2016). How Exchange Rate Influence a Country’s Import and Export. International Journal of Scientific and Engineering Research 7 (5): 131 – 139.
  • Lawrence, E.I., Mohammed, I. (2015). The Impact of Exchange Rate on Nigeria Non-Oil Exports. International Journal of Academic Research in Accounting, Finance and Management 5(1): 190 – 198.
  • Mmasa J.J., Mhagama, J.K. (2017). Social –Economic Factors Influencing Ginger (Zinbiger officinale) Productivity among Smallholders Growers in Tanzania-Case of Same District. Journal of Economic and Sustainable Development 8 (8): 12 – 29.
  • Ngondo, M., Khobai, H. (2018). The Impact of Exchange Rate on Export in South Africa. The ARDL Bounds Test Approach. Munich Personal RePEc Archive (MPRA), Paper No. 85079, 1 -22.
  • Nwachukwu, I.N. (2014). Dynamics of Agricultural Exports in Sub-Saharan Africa: An Empirical Study of Rubber and Cocoa from Nigeria. International Journal of Food and Agricultural Economics 2 (3): 91 – 104.
  • Nweke, A.M., Eze, O.M., Atuma, E. (2020). Analysis of the Effect of Exchange Rate Depreciation on Export Performance in Nigeria. IORS Journal of Business and Management 22 (6): 48 – 60.
  • Osabohien, R, Akinpelumi, D Matthew, O., Okafor, V., Iku, E., Olawande, T., Okorie, U. (2019). Agricultural Exports and Economic Growth in Nigeria: An Econometric Analysis. International Conference on Energy and Sustainable Environment IOP Conference Series: Earth and Environmental Science 331: 1 – 10.
  • Pesaran, H.M., Shin, Y., Smith, R.J. (2001). Bound Testing Approaches to the Analysis of Long Run Relationships. Working Paper, University of Cambridge, Discussion Paper Version.
  • Sasore, G.M. (2004). Nigeria’s Export Trade of Agricultural Commodities: Quality Control and Standards. A Paper Presented at Nigeria National Crop Outlook Conference held at Durbar Hotel Kano, 26th – 27th May.
  • Verma, S.K., Sighn, O., Jain, M., Borchia, P. (2004). Protective Effect of Ginger (Zinbiger officinale Rose). Journal of Experimental Biology 4 : 736 – 738.

Factors influencing export performance of Ginger (Zinbiger officinale) in Nigeria

Year 2022, Volume 6, Issue 3, 370 - 377, 23.09.2022
https://doi.org/10.31015/jaefs.2022.3.5

Abstract

This study evaluated factors influencing export performance of ginger (Zinbiger officinale) in Nigeria. Specifically, the research study was designed to achieve the following objectives: examine the short run equilibrium relationships between test variables; evaluate the long run equilibrium relationships between test variables; and determine the linear – interdependence between factors influencing export of ginger. The test variables under considerations were export quantity of ginger (Zinbiger officinale), exchange rate, interest rate, ratio of producer price to domestic price, and ratio of producer price to export price. Data were of secondary sources covering 1995 -2020.The statistical and econometrics tools used to achieve the stated objectives were: Augmented Dickey Fuller (ADF), Phillips-Perron (PP), Johansen Co-Integrating Test and Vector Error Correction Model (VECM). The results of Augmented Dickey-Fuller (ADF) unit root test shows that all test variables were non-stationary at level. All test variables were statistically significant at first difference at 5% level of probability. Phillip-Perron (PP) unit root test shows that all test variables were stationary at first difference and were statistically significant. Johansens co-integration test revealed the presence of co-integration among variables and long-term relationships among variables. Vector Error Correction Model (VECM) shows that exchange rate (EXR), interest rate (INR), had negative coefficients and was statistically significant in influencing export performance of ginger (Zinbiger officinale) in Nigeria in the short run. Ratio of producer price to domestic price (PP), producer price to export price (PX), quantity of ginger exported (Y) had positive coefficients and were statistically significant in influencing export performance of ginger (Zinbiger officinale) in Nigeria in the short run. In the long run, exchange rate (EXR), interest rate (INR), ratio of producer price to domestic price (PP), ratio of producer price to export price (PX) were statistically significant in influencing export performance of ginger (Zinbiger officinale) in Nigeria. The coefficients of error correction model (ECM) was negative, this measures the speed of adjustment towards the long run equilibrium. The coefficients of multiple determinations (R^2) was 0.6710. This confirmed presence of goodness of fit. The F-statistics of 43.06 was significant at 1% level of significance. This confirmed the explanatory power of the entire model. The RESET value of VECM was 1.510 (P < 0.01) shows no evidence of misspecification of functional form. The research study recommends policy formulations and implementations that will stabilize exchange rate. Interest rate should be single digit. Export market should be developed along the ginger (Zinbiger officinale) value chains and other crops to expand export market base and earn foreign exchange

References

  • Abah, D.A., Mbanasor, J.A., Agwu, M.N. (2018). Analysis of the Factors Influencing Choice of Marketing Outlets by Ginger Producers in Kaduna State, Nigeria. Journal of Agriculture and Food Environment 5(3): 38 – 47.
  • Aro-Gordon, S. (2017). Econometrics Analysis of Exchange Rate and Export Performance in a Developing Economy. Asian Economic and Financial Review 7 (4): 334 – 348.
  • Aurangzeb, A. (2006). Export, Productivity and Economic Growth in Pakistan: A Time Series Analysis. The Lahore Journal of Economics 11 (1): 1 – 18.
  • Dania, E.N., Ogedemgbe, F.A. (2019). Impact of Exchange Rate Volatility on Non-Oil Export Performance in Nigeria. Open Journal of Economics and Commerce 2 (1): 32 – 39
  • Dawson, P.J. (2005). Agricultural Exports and Economic Growth in Less Developed Countries. Agricultural Economics 33: 145 – 152
  • Gbetnkom, D., Khan, S.A. (2002). Determinants of Agricultural Exports: The Case of Cameroon. AERC Research Paper 120, AERC, Nairobi, Kenya.
  • Gilbert, N.A., Linyong, S.G., Divine, G. M. (2013). Impact of Agricultural Export on Economic Growth in Cameroon: Case of Banana, Coffee and Cocoa. International Journal of Business and Management Review 1 (1): 44 – 71.
  • Ihuoma, A.A., Micah, D. (2018). Impact of Ginger Production on Poverty Alleviation in Kaduna State, Nigeria. IOSR Journal of Economic and Finance 3 (2): 37 – 44.
  • ITC (2001). Product File: Spices and Culinary Herbs. UNCTAD Discussion Documents Brussels Pp 2 – 11.
  • Jaffee, S. (2004). Delivering and Taking the Heat: Indian Spices and Evolving Product and Process Standards. Agricultural and Rural Development Discussion Paper, World Bank. Washington DC .
  • Joseph, D.N., Oswald, T., Chalse, A.A. (2014). The Impact of Exchange Rate Movement on Exports: Empirical Evidence from Ghana. International Journal of Academic Research in Accounting, Finance and Management Sciences 4 (3): 41 – 48.
  • Khaled, A. (2016). How Exchange Rate Influence a Country’s Import and Export. International Journal of Scientific and Engineering Research 7 (5): 131 – 139.
  • Lawrence, E.I., Mohammed, I. (2015). The Impact of Exchange Rate on Nigeria Non-Oil Exports. International Journal of Academic Research in Accounting, Finance and Management 5(1): 190 – 198.
  • Mmasa J.J., Mhagama, J.K. (2017). Social –Economic Factors Influencing Ginger (Zinbiger officinale) Productivity among Smallholders Growers in Tanzania-Case of Same District. Journal of Economic and Sustainable Development 8 (8): 12 – 29.
  • Ngondo, M., Khobai, H. (2018). The Impact of Exchange Rate on Export in South Africa. The ARDL Bounds Test Approach. Munich Personal RePEc Archive (MPRA), Paper No. 85079, 1 -22.
  • Nwachukwu, I.N. (2014). Dynamics of Agricultural Exports in Sub-Saharan Africa: An Empirical Study of Rubber and Cocoa from Nigeria. International Journal of Food and Agricultural Economics 2 (3): 91 – 104.
  • Nweke, A.M., Eze, O.M., Atuma, E. (2020). Analysis of the Effect of Exchange Rate Depreciation on Export Performance in Nigeria. IORS Journal of Business and Management 22 (6): 48 – 60.
  • Osabohien, R, Akinpelumi, D Matthew, O., Okafor, V., Iku, E., Olawande, T., Okorie, U. (2019). Agricultural Exports and Economic Growth in Nigeria: An Econometric Analysis. International Conference on Energy and Sustainable Environment IOP Conference Series: Earth and Environmental Science 331: 1 – 10.
  • Pesaran, H.M., Shin, Y., Smith, R.J. (2001). Bound Testing Approaches to the Analysis of Long Run Relationships. Working Paper, University of Cambridge, Discussion Paper Version.
  • Sasore, G.M. (2004). Nigeria’s Export Trade of Agricultural Commodities: Quality Control and Standards. A Paper Presented at Nigeria National Crop Outlook Conference held at Durbar Hotel Kano, 26th – 27th May.
  • Verma, S.K., Sighn, O., Jain, M., Borchia, P. (2004). Protective Effect of Ginger (Zinbiger officinale Rose). Journal of Experimental Biology 4 : 736 – 738.

Details

Primary Language English
Subjects Agricultural Economics And Policy
Published Date September 2022
Journal Section Research Articles
Authors

Olugbenga ALABI> (Primary Author)
Department of Agricultural-Economics, University of Abuja, PMB 117, Gwagwalada-Abuja, Nigeria.
0000-0002-8390-9775
Nigeria


Musa MADAKİ>
Department of Agricultural-Economics and Extension, Federal University Gashua, PMB 1005, Gashua, Yobe State, Nigeria
0000-0003-4983-0980
Türkiye


Saheed SANUSI>
Department of Agricultural-Economics and Extension, Federal University Gashua, PMB 1005, Gashua, Yobe State, Nigeria
0000-0002-0531-643X
Türkiye


Suleiman UMAR This is me
Department of Agricultural-Economics, University of Abuja, PMB 117 Gwagwalada-Abuja, Nigeria
0000-0002-2792-9392
Nigeria


Ebunlola OMOLE>
Basic Science Department, Federal College of Wildlife Management (FCWM), Forestry Research Institute of Nigeria (FRIN),PMB 268 New Bussa, Niger State, Nigeria
0000-0001-8493-4190
Türkiye


Abiade Samson OLUMUYİWA>
Department of Basic Sciences and General Studies, Federal College of Forestry Mechanization, Forestry Research Institute of Nigeria (FRIN) PMB 2273, Afaka, Kaduna, Kaduna State, Nigeria.
0000-0003-1596-1114
Nigeria


Hyelni Seth DAVID>
Department of Agricultural-Economics and Extension, Federal University Gashua, Gashua,Yobe State, Nigeria.
0000-0003-2071-8821
Nigeria


Ursulla EMEGHARA>
Department of Crop Production, Federal College of Forestry Mechanization, Forestry Research Institute of Nigeria, Kaduna, Kaduna State, Nigeria
0000-0003-3684-1525
Nigeria


Phidelia Ramatu WAZIRI-UGWU>
Department of Agricultural-Economics and Extension, Federal University Gashua, Gashua, Yobe State, Nigeria.
0000-0003-1922-5122
Nigeria


Moses Gado SHABA>
Department of Agricultural Economics, Univeristy of Abuja PMB 117 Gwagwalada-Abuja, Nigeria
0000-0001-9820-5933
Nigeria

Publication Date September 23, 2022
Application Date December 16, 2020
Acceptance Date June 4, 2022
Published in Issue Year 2022, Volume 6, Issue 3

Cite

APA Alabı, O. , Madaki, M. , Sanusı, S. , Umar, S. , Omole, E. , Olumuyiwa, A. S. , Davıd, H. S. , Emeghara, U. , Wazırı-ugwu, P. R. & Shaba, M. G. (2022). Factors influencing export performance of Ginger (Zinbiger officinale) in Nigeria . International Journal of Agriculture Environment and Food Sciences , 6 (3) , 370-377 . DOI: 10.31015/jaefs.2022.3.5


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