A Macro-econometric Model for the Sudan Economy

Ahmed Elsheikh M. Ahmed (), Omer Ali Ibrahim () and Khalafalla Ahmed Mohamed Arabi ()
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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

Review of Economics & Finance, 2013, vol. 3, 110-122

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.

Keywords: Macro-econometric model; Three stages least squares; Policy analysis; Sudan (search for similar items in EconPapers)
JEL-codes: C15 C30 E60 (search for similar items in EconPapers)
Date: 2013
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