أثر التغيرات في كمية النقود على الناتج المحلي الاجمالي في السودان : دراسة قياسية في الفترة من (1990-2019م)‎

Abstract EN

The aim of the Study is to measure and analyze the causal relationship between the variable in Money Supply and the real GDP growth in the Sudan economy during the period 1990-2019.

To determine the direction of the causal relationship between real GDP and cash supply and to determine the long-term and short-term equilibrium, we used (Engel & Granger) causality, the co-integration test and the error correction model.

The results of the study shown that there is a long-term balance between money supply and gross domestic product at constant prices.

The results of the study also revealed the existence of a two-way causal relationship moving from money supply to GDP, and vice versa.

The study recommended that the central bank take into consideration when formulating its monetary policy on setting a target for GDP growth current prices (including real growth plus the amount of inflation) by a certain rate, and then the central bank can move its monetary policy by adjusting the money supply according to the needs of the economy.

The study also recommended an increase in the gross domestic product by interest sectors (agriculture, industry and services)