The Determinants Factors of Balance of Payments: An Investigation from Sudan through the Period 1980-2016
Journal Title: Edelweiss Applied Science and Technology - Year 2017, Vol 1, Issue 1
Abstract
This paper investigates the determinants of Sudan balance of payments using annual data on balance of payments (BOP), foreign debt (ED), exchange rate (EX), inflation (INF), gross domestic product (GDP) during the period (1980 - 2016). The paper elaborates the problem regarding the impact of foreign debt on the balance of payments. The paper built on the fundamental assumption that the foreign debt linked to a positive relationship with the balance of payments by running VECM Approach. Results of the study indicate that there is a direct correlation between the balance of payments and foreign debt, and an inverse relationship between the balance of payments and all of the inflation, gross domestic product and exchange rate during the forementioned period. The paper recommends that Sudan should not totally dependes on foreign aid in solving its economic problems which entails to transfer big amount of the national product to meet the commitments towards those foreign countries, the need for coordination between macroeconomic policies and domestic economic policies in order to increase output domestic product, economic policies are functioning to reduce the ratio of foreign debt and the reduction of inflation and bring about stability in the exchange rate which leads to improving the balance of payments to be adopted by Sudan.
Authors and Affiliations
Faroug Mohammed Khalid Yousif
Keywords
Related Articles
- EP ID EP398755
- DOI -
- Views 314
- Downloads 0
Corrosion Inhibition Potential of Ethanol Extract of Bryophyllum pinnatum Leaves for Zinc in Acidic Medium
The inhibitive and adsorption properties of ethanol extract of Bryophyllum pinnatum leaves were studied using weight loss, potentiodynamic polarization, Scanning Electron Microscopy (SEM) and Fourier transformed infra-re...
Mother Tongue Based Multilingual Education Challenges: A Case Study
Considering its implementation, the linguistic and cultural diversity of Mindanao, however, brings much complexity to the issue of language policy in education. With Mindanao’s more than 26 provinces and over 25 million...
The Bio Immune(G)ene Medicine or How to Use a Maximum of Molecular Resources of the Cell for Therapeutic Purposes
At a time when emerging concepts capable of revolutionizing old medical paradigms are flourishing, such as systems biology, integrative medicine or personalized medicine, it is of the utmost interest to observe how such...
Bacteriological Prevalence of Tuberculosis Among Children Seen in Health Facilities in Nasarawa State, Nigeria
Background: Tuberculosis, a disease of significant public health importance remains a leading cause of childhood morbidity and mortality globally. Under-reporting of new cases is a major setback in the correct estimate o...
Ozone Layer Depletion and Climate Change in Nigeria: Problems and Prospects-A Review
Nigerians are facing a serious global environmental problem and there is a widespread concern that the ozone layer which is bringing out terrible deterioration thus contributes to climatic change and global warming. This...