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MACRO‐ECONOMIC LINKAGES TO AGRICULTURE: A GENERAL EQUILIBRIUM MODEL FOR SUDAN
Author(s) -
Hassan Rashid M.,
Hallam Arne
Publication year - 1996
Publication title -
journal of agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.157
H-Index - 61
eISSN - 1477-9552
pISSN - 0021-857X
DOI - 10.1111/j.1477-9552.1996.tb00672.x
Subject(s) - economics , macro , devaluation , general equilibrium theory , liberalization , agriculture , exchange rate , monetary economics , macroeconomics , international economics , applied general equilibrium , market economy , ecology , biology , computer science , programming language
Unfavourable macro‐economic conditions are often blamed for the failure of devaluation and liberalisation policies to correct the bias against agricultural exports in Sudan. A general equilibrium model, with an endogenous money creation mechanism, is constructed and econometrically estimated to analyse macro‐economic linkages to agriculture in Sudan. Stronger economic performance is achieved when exchange rate adjustments and liberalisation are supported with fiscal and monetary control and less indirect taxation.