Examining the Export-Led Growth Hypothesis: Empirical Evidence from Sudan

نویسندگان

چکیده

The current study analyzes the relationship between Sudan's income growth and exports from 1970 to 2020. system of equations using Autoregressive Distributed Lag (ARDL) approach has been employed. ARDL results showed that there exists a long-run variables considered in estimated model. researchers observed negative lagged error-correction term coefficient, which is highly significant all cases supporting cointegration. result reveals existence equilibrium GDP, export, import, labor force, trade policy. This confirms export-led hypothesis valid for Sudan. Thus, most essential conclusion economy’s export expansion strategy completely dependent on imports raw materials capital inputs kind goods being exported. coefficient import significance, offers strong support compression hypothesis. important policy implication findings implementation an appropriate optimal can boost increase economic substantially. Policy-makers should focus diversification strategies invest more Sudan’s ability provide value-added services meet international demand.

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ژورنال

عنوان ژورنال: Journal of Economics, Business, and Accountancy | Ventura

سال: 2022

ISSN: ['2088-785X', '2087-3735']

DOI: https://doi.org/10.14414/jebav.v25i1.2978