WSEAS Transactions on Business and Economics
Print ISSN: 1109-9526, E-ISSN: 2224-2899
Volume 21, 2024
Using Nonlinear Autoregressive Models to Investigate the Impact of Foreign Trade on Economic Growth in Sudan
Authors: , ,
Abstract: Foreign commerce is the term for the exchange of goods and services between nations, and it is subject to a wide range of laws, rules, and agreements. The purpose of the study was to evaluate the link between Sudan's economic growth, imports, and exports from 2005 to 2022. Based on a descriptive, analytical, and econometrics methodology, the study estimated the relationship between the study variables using a nonlinear autoregressive model (NARDL). The study's conclusions indicate that, during the study period, exports had a short-term negative influence on the rate of growth in the economy but a positive long-term impact. Additionally, imports have a short-term favorable effect on economic growth rates but a long-term negative one.
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Keywords: exports, imports, economic growth, self-regression, long run, foreign trade, autoregressive model, nonlinear, international trade
Pages: 719-725
DOI: 10.37394/23207.2024.21.60