Keywords: Sudan, economic growth, adjustment policies, economic development, structural adjustment, investment, non-policy factors, stabilisation policies, growth performance
The impact of adjustment policies on Sudan's economic growth: empirical investigation
The paper starts by acknowledging that there is a dearth of studies on the impact of the structural adjustment policies on the Sudanese economy despite the fact that the country is one of the first African countries to adopt them. It then proceeds by using econometric techniques starting by examining the stability of the long-run growth in Sudan for the period (1960–2000) followed by co-integration and an error correction model analysis. The study found that the economic growth rate in Sudan has changed significantly despite the introduction of the adjustment policies in 1980. Moreover, investment is the most significant variable affecting growth in the long run, and non-policy factors such as weather have a significant impact on the economic growth in the short run only.