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A Macro-econometric Model for the Sudan Economy

Author

Listed:
  • Ahmed Elsheikh M. Ahmed

    () (Faculty of Economic and Social Studies, University of Khartoum- SUDAN)

  • Omer Ali Ibrahim

    () (Faculty of Economic and Social Studies, University of Khartoum- SUDAN)

  • Khalafalla Ahmed Mohamed Arabi

    () (Faculty of Economic and Social Studies, University of Khartoum- SUDAN)

Abstract

This study aims at building a macro-econometric model for the Sudan economy mainly for the sole purpose of policy analysis. The model conforms to the previous attempts in relying on the conventional income-expenditure approach. However, it differs from them in certain aspects. It covers a rather extended period from 1960 to 2005. The model contains 14 equations covering the monetary sector, public sector, real sector, external sector, labor sector, and prices. The equations of the model are identified, and the three stages least squares is used to estimate the model. Also, unit root test has been used to avoid problem of spurious regression. The model passes all the required tests and is employed to conduct sound policy analysis.

Suggested Citation

  • Ahmed Elsheikh M. Ahmed & Omer Ali Ibrahim & Khalafalla Ahmed Mohamed Arabi, 2013. "A Macro-econometric Model for the Sudan Economy," Review of Economics & Finance, Better Advances Press, Canada, vol. 3, pages 110-122, February.
  • Handle: RePEc:bap:journl:130111
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    Keywords

    Macro-econometric model; Three stages least squares; Policy analysis; Sudan;

    JEL classification:

    • C15 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Statistical Simulation Methods: General
    • C30 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - General
    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General

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