The impact of remittances on Sudan’s economic growth: does the exchange rate matter?

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  • Additional Information
    • Publication Year:
      2018
    • Author-Supplied Keywords:
      E0
      Economic growth
      Economic reform
      F4
      International trade
      Migration
      O4
    • Abstract:
      Purpose The purpose of this paper is to investigate the presence of the Dutch disease hypothesis through examining the remittance-growth nexus using annual data for Sudan covering the period 1977-2015. The paper seeks to answer the following critical questions: what is the impact of remittance on Sudanese economy? How exchange rate influences the impact of remittance on growth? To what extent the impact of remittance on growth differs between the short and long run.Design/methodology/approach The paper employs the autoregressive distributive lag (ARDL) technique because of its several advantages.Findings The ARDL results show evidence against the existence of such a hypothesis. More specifically, the results show that over time, due to the structured nature of the economy, remittances may affect economic growth negatively through several mechanisms including the depreciation rather than the appreciation of the exchange rate.Originality/value After 2011 and the secession of South Sudan, Sudan lost more than 80 per cent of foreign exchange revenues which reflected in the sharp gap between the official rate and the parallel exchange rate equal to 150 per cent. To lessening this gap, the attention was given to expatriates to encourage them to transfer their remittances through official channels. Since remittance and exchange rate mechanism may affect growth positively or negatively, no study addressed this possibility. This is the first empirical study in this matter that considers both the temporary and the permanent impacts. [ABSTRACT FROM AUTHOR]
    • Abstract:
      Copyright of International Journal of Social Economics is the property of Emerald Publishing and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
    • ISSN:
      03068293
    • Accession Number:
      129856369
  • Citations
    • ABNT:
      AWAD, A.; SIRAG, A. The impact of remittances on Sudan’s economic growth: does the exchange rate matter? International Journal of Social Economics, [s. l.], v. 45, n. 6, p. 925, 2018. Disponível em: http://widgets.ebscohost.com/prod/customlink/proxify/proxify.php?count=1&encode=0&proxy=&find_1=&replace_1=&target=http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edb&AN=129856369&authtype=sso&custid=s5834912. Acesso em: 5 abr. 2020.
    • AMA:
      Awad A, Sirag A. The impact of remittances on Sudan’s economic growth: does the exchange rate matter? International Journal of Social Economics. 2018;45(6):925. http://widgets.ebscohost.com/prod/customlink/proxify/proxify.php?count=1&encode=0&proxy=&find_1=&replace_1=&target=http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edb&AN=129856369&authtype=sso&custid=s5834912. Accessed April 5, 2020.
    • APA:
      Awad, A., & Sirag, A. (2018). The impact of remittances on Sudan’s economic growth: does the exchange rate matter? International Journal of Social Economics, 45(6), 925.
    • Chicago/Turabian: Author-Date:
      Awad, Atif, and Abdalla Sirag. 2018. “The Impact of Remittances on Sudan’s Economic Growth: Does the Exchange Rate Matter?” International Journal of Social Economics 45 (6): 925. http://widgets.ebscohost.com/prod/customlink/proxify/proxify.php?count=1&encode=0&proxy=&find_1=&replace_1=&target=http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edb&AN=129856369&authtype=sso&custid=s5834912.
    • Harvard:
      Awad, A. and Sirag, A. (2018) ‘The impact of remittances on Sudan’s economic growth: does the exchange rate matter?’, International Journal of Social Economics, 45(6), p. 925. Available at: http://widgets.ebscohost.com/prod/customlink/proxify/proxify.php?count=1&encode=0&proxy=&find_1=&replace_1=&target=http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edb&AN=129856369&authtype=sso&custid=s5834912 (Accessed: 5 April 2020).
    • Harvard: Australian:
      Awad, A & Sirag, A 2018, ‘The impact of remittances on Sudan’s economic growth: does the exchange rate matter?’, International Journal of Social Economics, vol. 45, no. 6, p. 925, viewed 5 April 2020, .
    • MLA:
      Awad, Atif, and Abdalla Sirag. “The Impact of Remittances on Sudan’s Economic Growth: Does the Exchange Rate Matter?” International Journal of Social Economics, vol. 45, no. 6, June 2018, p. 925. EBSCOhost, widgets.ebscohost.com/prod/customlink/proxify/proxify.php?count=1&encode=0&proxy=&find_1=&replace_1=&target=http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edb&AN=129856369&authtype=sso&custid=s5834912.
    • Chicago/Turabian: Humanities:
      Awad, Atif, and Abdalla Sirag. “The Impact of Remittances on Sudan’s Economic Growth: Does the Exchange Rate Matter?” International Journal of Social Economics 45, no. 6 (June 2018): 925. http://widgets.ebscohost.com/prod/customlink/proxify/proxify.php?count=1&encode=0&proxy=&find_1=&replace_1=&target=http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edb&AN=129856369&authtype=sso&custid=s5834912.
    • Vancouver/ICMJE:
      Awad A, Sirag A. The impact of remittances on Sudan’s economic growth: does the exchange rate matter? International Journal of Social Economics [Internet]. 2018 Jun [cited 2020 Apr 5];45(6):925. Available from: http://widgets.ebscohost.com/prod/customlink/proxify/proxify.php?count=1&encode=0&proxy=&find_1=&replace_1=&target=http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edb&AN=129856369&authtype=sso&custid=s5834912