Medicinal and Aromatic Plants Value Chain Performance in Albania: Information System Implementation

10 Pages Posted: 19 Nov 2018

See all articles by Julian Lekoçaj

Julian Lekoçaj

Agricultural University of Tirana, Faculty of Forestry, Department of Forestry

Valter Hoxha

Mediterranean University of Albania - Department of Economics

Date Written: September 6, 2018

Abstract

The medicinal and aromatic plants (MAPs) represent a very important sector for the Albanian economy. According the COMTRADE 2018 statistics, this sector exports rank the country at the 16-th position in the World, indicating that Albania has a very big economical potential in this area (Hoxha, 2016, Naka et al., 2003). Despite this potential, the last 20 years records show that these exports have remained almost constant. The lack of information about the value chain, indicating the asymmetric information is the main reasons of this performance (USAID, 2010, Lekocaj et al, 2017). Therefore, conclusion emerges that there is a limited rationality between the economic agents who work and study in this sector. This study object is to identify the information sources and to fabricate all the channels where this information goes through. To achieve our objectives, we are using systemic approach. At the national level, we have chosen 3 municipalities, while for the information level regarding this sector’s actors we have chosen 12 exporting companies, the most important ones in Albania. The results show that the sector information system has methodological problems on their identification and a lack of a central database, which can be updated at any moment with new information in time and space from all the value chain actors.

Keywords: medicinal and aromatic plants, performance, limited rationality, systematic method, information system

JEL Classification: O32, D82, O13

Suggested Citation

Lekoçaj, Julian and Hoxha, Valter, Medicinal and Aromatic Plants Value Chain Performance in Albania: Information System Implementation (September 6, 2018). 2018 ENTRENOVA Conference Proceedings. Available at SSRN: https://ssrn.com/abstract=3283681 or http://dx.doi.org/10.2139/ssrn.3283681

Julian Lekoçaj (Contact Author)

Agricultural University of Tirana, Faculty of Forestry, Department of Forestry ( email )

Albania

Valter Hoxha

Mediterranean University of Albania - Department of Economics ( email )

Albania

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