IDEAS home Printed from https://ideas.repec.org/a/rnd/arjebs/v15y2023i3p34-54.html
   My bibliography  Save this article

Determinants of Export Performance in Uganda (1989-2020)

Author

Listed:
  • Olawumi Dele Awolusi
  • Abdihakim Mohamed Osman

Abstract

The study is set to investigate the factors determining export performance in Uganda. The specific objectives of the study are to examine the relationship between Foreign Direct Investment net inflows, inflation, Real Exchange Rate and export performance from 1989 to 2020. The study adopted a longitudinal design and the analysis was based on stationarity tests, co-integration tests, ordinary least squares tests and finally diagnostic tests. The study results show that there is a significant relationship between foreign direct investments and export performance. Secondly, it was found that there was a relationship between inflation and export performance. The study also observed a significant relationship between inflation and export performance. Finally, it was found that the real exchange rate affects export performance. The study concludes that the development of foreign direct investments induces export performance; hence export performance can be generated through foreign direct investments. The study also concludes that the state of inflation reduction can be a general development of the export performance for the countries, while the real exchange rate is a key determinant for the export performance in Uganda from 1989 to 2020. The study recommends that there is a need for regulations and monitoring to ensure the proper form of foreign businesses in the country together with enhancing the management situation for the management of the business. Secondly, the policies intended to reduce inflation are needed to increase the capacity of businesses to operate and attain mechanisms for the reduction of inflation. Finally, the government should also embark on strong fiscal policy to reduce unnecessary money supply which can lead to inflation that negatively impacts on economy & reduces economic growth.

Suggested Citation

  • Olawumi Dele Awolusi & Abdihakim Mohamed Osman, 2023. "Determinants of Export Performance in Uganda (1989-2020)," Journal of Economics and Behavioral Studies, AMH International, vol. 15(3), pages 34-54.
    • Handle: RePEc:rnd:arjebs:v:15:y:2023:i:3:p:34-54
    DOI: 10.22610/jebs.v15i3(J).3330
    as

    Download full text from publisher

    File URL: https://ojs.amhinternational.com/index.php/jebs/article/view/3330/2359
    Download Restriction: no
    File URL: https://ojs.amhinternational.com/index.php/jebs/article/view/3330
    Download Restriction: no
    File URL: https://libkey.io/10.22610/jebs.v15i3(J).3330?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Olawumi D. Awolusi & Josue Mbonigaba, 2020. "Economic growth and environmental sustainability within the BRICS countries: a comparative analysis," International Journal of Green Economics, Inderscience Enterprises Ltd, vol. 14(3), pages 207-246.
    2. Mehdi Behname, 2012. "Foreign Direct Investment and Economic Growth: Evidence from Southern Asia," Economic Analysis Working Papers (2002-2010). Atlantic Review of Economics (2011-2016), Colexio de Economistas de A Coruña, Spain and Fundación Una Galicia Moderna, vol. 2, pages 1-1, December.
    3. Agnihotri, Arpita & Bhattacharya, Saurabh, 2015. "Determinants of export intensity in emerging markets: An upper echelon perspective," Journal of World Business, Elsevier, vol. 50(4), pages 687-695.
    4. Laura Alfaro & Areendam Chanda & Sebnem Kalemli-Ozcan & Selin Sayek, 2006. "How Does Foreign Direct Investment Promote Economic Growth? Exploring the Effects of Financial Markets on Linkages," NBER Working Papers 12522, National Bureau of Economic Research, Inc.
    5. Sheida Soleimani & Mehdi Behname, 2012. "Foreign Direct Investment and Economic Growth: Evidence from Asian Selected Countries," Economic Analysis, Institute of Economic Sciences, vol. 45(3-4), pages 67-74.
    6. Lance Eliot Brouthers & Yan Gao & Jason Patrick McNicol, 2008. "Corruption and market attractiveness influences on different types of FDI," Strategic Management Journal, Wiley Blackwell, vol. 29(6), pages 673-680, June.
    7. Stoian, Maria-Cristina & Rialp, Alex & Rialp, Josep, 2011. "Export performance under the microscope: A glance through Spanish lenses," International Business Review, Elsevier, vol. 20(2), pages 117-135, April.
    8. Francisco Villena manzanares, 2019. "Export Performance of SMEs: An Empirical Analysis of the Mediating Role of Corporate Image," Journal of Small Business Management, Taylor & Francis Journals, vol. 57(2), pages 386-399, April.
    9. Cardoza, Guillermo & Fornes, Gaston & Farber, Vanina & Gonzalez Duarte, Roberto & Ruiz Gutierrez, Jaime, 2016. "Barriers and public policies affecting the international expansion of Latin American SMEs: Evidence from Brazil, Colombia, and Peru," Journal of Business Research, Elsevier, vol. 69(6), pages 2030-2039.
    10. Olawumi Dele Awolusi, 2021. "Economic Growth and Socioeconomic Sustainability in BRICS Countries: A Vector Error Correction Modeling Approach," Journal of Economics and Behavioral Studies, AMH International, vol. 13(3), pages 1-23.
    11. Love, James H. & Roper, Stephen & Zhou, Ying, 2016. "Experience, age and exporting performance in UK SMEs," International Business Review, Elsevier, vol. 25(4), pages 806-819.
    12. KH Zhang, 2001. "Does Foreign Direct Investment Promote Economic Growth? Evidence From East Asia And Latin America," Contemporary Economic Policy, Western Economic Association International, vol. 19(2), pages 175-185, April.
    13. Wheeler, David & Mody, Ashoka, 1992. "International investment location decisions : The case of U.S. firms," Journal of International Economics, Elsevier, vol. 33(1-2), pages 57-76, August.
    14. Yudi Fernando & Agustina Fitrianingrum & Christopher Richardson, 2017. "Organisational determinants of export performance: evidence from exporting firms in Batam, Indonesia," International Journal of Business Excellence, Inderscience Enterprises Ltd, vol. 11(1), pages 95-119.
    15. Fernández-Mesa, Anabel & Alegre, Joaquín, 2015. "Entrepreneurial orientation and export intensity: Examining the interplay of organizational learning and innovation," International Business Review, Elsevier, vol. 24(1), pages 148-156.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Strike Mbulawa, 2017. "Remittances, Foreign Direct Investment and Growth in SADC: A Panel Co-integration Approach," Journal of Finance and Economics Research, Geist Science, Iqra University, Faculty of Business Administration, vol. 2(1), pages 40-55, March.
    2. Strand, Jon, 2009. ""Revenue management"effects related to financial flows generated by climate policy," Policy Research Working Paper Series 5053, The World Bank.
    3. Fosu, Prince, 2016. "Infrastructure and Foreign Direct Investment Inflows: Evidence from Ghana," MPRA Paper 100375, University Library of Munich, Germany, revised 13 May 2020.
    4. Yamlaksira S. Getachew & Roger Fon & Elie Chrysostome, 2023. "On the location choices of African multinational enterprises: Do supranational economic institutions matter?," Journal of International Business Policy, Palgrave Macmillan, vol. 6(4), pages 453-490, December.
    5. Stephanie E. Mansion & Andreas Bausch, 2020. "Intangible assets and SMEs’ export behavior: a meta-analytical perspective," Small Business Economics, Springer, vol. 55(3), pages 727-760, October.
    6. Goel Aditi & Gaur Dolly & Gupta Khushboo & Gupta Kanishka, 2023. "Factors impacting export intensity of SMEs in India," Economics and Business Review, Sciendo, vol. 9(3), pages 22-43, October.
    7. Caroline T Witte & Martijn J Burger & Elena I Ianchovichina & Enrico Pennings, 2017. "Dodging bullets: The heterogeneous effect of political violence on greenfield FDI," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 48(7), pages 862-892, September.
    8. Sugandha Huria & Kriti Sharma & Neha Jain & Ashley Jose, 2022. "Digitalization and Exports: A case of Indian Manufacturing MSMEs," Working Papers 2261, Indian Institute of Foreign Trade.
    9. Manuel Portugal Ferreira & Helder Costa Carreira & Dan Li & Fernando Ribeiro Serra, 2016. "The Moderating Effect of Home Country Corruption on the Host Country’s Ability to Attract FDI," Brazilian Business Review, Fucape Business School, vol. 13(4), pages 94-117, July.
    10. Petrou, Andreas P. & Thanos, Ioannis C., 2014. "The “grabbing hand” or the “helping hand” view of corruption: Evidence from bank foreign market entries," Journal of World Business, Elsevier, vol. 49(3), pages 444-454.
    11. Wu, Yan & Yang, Yong & Mickiewicz, Tomasz, 2023. "Corruption, the digital sectors, and the profitability of foreign subsidiaries in emerging markets," Journal of Business Research, Elsevier, vol. 161(C).
    12. Omri, Anis & Kahouli, Bassem, 2014. "Causal relationships between energy consumption, foreign direct investment and economic growth: Fresh evidence from dynamic simultaneous-equations models," Energy Policy, Elsevier, vol. 67(C), pages 913-922.
    13. Ramdani, Boumediene & Belaid, Fateh & Boukrami, Elias, 2022. "Profiling exporting SMEs: The role of innovation-orientation," Journal of Business Research, Elsevier, vol. 149(C), pages 1-13.
    14. Olawumi Dele Awolusi, 2022. "Education and Economic Growth in the Economic Community of West African States (ECOWAS)," Journal of Education and Vocational Research, AMH International, vol. 13(1), pages 6-20.
    15. Kotorri Mrika & Krasniqi Besnik A., 2018. "Managerial Characteristics and Export Performance – Empirical Evidence from Kosovo," South East European Journal of Economics and Business, Sciendo, vol. 13(2), pages 32-48, December.
    16. Ramdani, Boumediene & Belaid, Fateh & Goutte, Stephane, 2023. "SME internationalisation: Do the types of innovation matter?," International Review of Financial Analysis, Elsevier, vol. 88(C).
    17. Faik Bilgili & Nadide S. Tülüce & Ibrahim Doğan & H. Hilal Bağlıtas, 2016. "The causality between FDI and sector-specific production in Turkey: evidence from threshold cointegration with regime shifts," Applied Economics, Taylor & Francis Journals, vol. 48(5), pages 345-360, January.
    18. Panteha Khodakarami & Zukarnain Zakaria & Rossilah Jamil & Tan Seng Teck & Hayder Dhahir Mohammed & Mehran Najmaei, 2022. "The Effect of Business Technology Strategy on Inward Export Performance in the Malaysian Higher Education Industry," Sustainability, MDPI, vol. 14(15), pages 1-15, July.
    19. Tajeddin, Mahdi & Farashahi, Mehdi & Moghaddam, Kaveh & Simba, Amon & Edwards, Gwyneth, 2023. "Internationalization of Emerging Economy SMEs: A Tripod Approach," Journal of International Management, Elsevier, vol. 29(1).
    20. Romero-Martínez, Ana M. & García-Muiña, Fernando E., 2021. "Digitalization level, corruptive practices, and location choice in the hotel industry," Journal of Business Research, Elsevier, vol. 136(C), pages 176-185.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rnd:arjebs:v:15:y:2023:i:3:p:34-54. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Muhammad Tayyab (email available below). General contact details of provider: https://ojs.amhinternational.com/index.php/jebs .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.