The impact of Sudanese pound devaluation on the balance of payments deficit before and during the oil decade
Author
Uthman, Awad Muhammad Khayr Husayn
Source
Journal of Science and Technology : in Economic Sciences
Issue
Vol. 17, Issue 2 (31 Dec. 2016), pp.128-139, 12 p.
Publisher
Sudan University of Science and Technology Deanship of Scientific Research
Publication Date
2016-12-31
Country of Publication
Sudan
No. of Pages
12
Main Subjects
Abstract EN
The paper investigated the effect of the devaluation of Sudanese Pound on the Sudan s balance of payments during the agricultural based decades (1973 - 1993) and the oil-based decade (2002 -2012) To achieve this goal Marshall -Lerner approach was applied using an annual data covering both periods The results obtained showed that during the period (1973 - 1993) the weighted average of the estimated elasticity of exports and imports were (0.073) and (0.163) respectively and equal to (0.465) and (0.231) respectively for the (2002-2012) period.
Thus based on Marshall -Lerner approach the sum of these elasticities in the two periods was less than one indicating that devaluation had worsened the Sudan s Balance of Payments deficit The structural rigidities characterizing the Sudanese economy and the high inelastic nature of the supply of the agricultural products that dominate Sudanese exports during the first period besides the inelastic foreign demand for the Sudanese exports (as the study results show) coupled with the essential nature of the imports and the absence of domestic substitutes may provide an explanation for the above-mentioned results Accordingly appropriate economic policies should accompany the implementation of the devaluation policy in order to have a positive impact on balance of payment
American Psychological Association (APA)
Uthman, Awad Muhammad Khayr Husayn. 2016. The impact of Sudanese pound devaluation on the balance of payments deficit before and during the oil decade. Journal of Science and Technology : in Economic Sciences،Vol. 17, no. 2, pp.128-139.
https://search.emarefa.net/detail/BIM-953783
Modern Language Association (MLA)
Uthman, Awad Muhammad Khayr Husayn. The impact of Sudanese pound devaluation on the balance of payments deficit before and during the oil decade. Journal of Science and Technology : in Economic Sciences Vol. 17, no. 2 (2016), pp.128-139.
https://search.emarefa.net/detail/BIM-953783
American Medical Association (AMA)
Uthman, Awad Muhammad Khayr Husayn. The impact of Sudanese pound devaluation on the balance of payments deficit before and during the oil decade. Journal of Science and Technology : in Economic Sciences. 2016. Vol. 17, no. 2, pp.128-139.
https://search.emarefa.net/detail/BIM-953783
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references : p. 138-139
Record ID
BIM-953783