Assessment of some economic factors affecting inflation in Sudan: An econometric study
Department of Econometrics and Social Statistics. Economics College, University of Bakht Al -Ruda, Sudan.
Open Access Research Journal of Engineering and Technology, 2023, 05(01), 022–029.
Article DOI: 10.53022/oarjet.2023.5.1.0066
Publication history:
Received on 17 June 2023; revised on 26 August 2023; accepted on 29 August 2023
Abstract:
The paper aimed to Assessment of Some Economic Factors Affecting Inflation in Sudan; an econometric study (1996-2021). The study focused on the exchange rate (EX), the unemployment rate (UR), and the money supply (MS). The study is based on the following main hypotheses: There is a positive effect between the inflation rate (INF), the exchange rate (EX), and the money supply (MS), and that there is a negative effect between (INF) and (UR). The study revealed the following conclusions: The devaluation of the currency exchange rate leads to an increase in the inflation rate, but the increase in the unemployment rate leads to a decrease in the inflation rate in Sudan. The study recommended that the state adopt an effective fiscal and monetary policy to reduce the rate of inflation in order to increase the employment rate and improve the level of the country's national product.
Keywords:
Inflation Determinants; Exchange Rate; Monetary Supply; Sudan
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