The Expatriate Workers' Remittances, Parallel Foreign Exchange Market and Macroeconomic Performance in Sudan

Ibrahim A Elbadawi

Journal of African Economies, 1994, vol. 3, issue 3, 481-512

Abstract: The results of this paper show that higher premiums have deleterious effects on official exports and tax revenue from foreign trade, also as expected a high premium tends to accelerate capital flight. The results of the paper also show that there exists weak evidence that controlling inflation becomes more difficult under high premium regimes. The implications of these findings for future economic reform in Sudan, especially regarding enhancing remittances by expatriate Sudanese working abroad and reversing of capital flight, are indicated. Copyright 1994 by Oxford University Press.

Date: 1994
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