Sustainability and Genuine Saving: Empirical Evidence from Sudan Economy
Khalafalla Ahmed Mohamed Arabi

This paper assesses economic development path of Sudan during the period 1977 -2009 via genuine saving rate GSR, determines factors affect genuine saving, using vector autoregression. Genuine saving estimates were obtained from World Bank over the period 1977 to the referendum on South Sudan succession in 2009. Results show that the past values of manufacturing share to GDP, GSR lagged once, and growth rate GR have positive effects on GSR, contrary to GSR lagged twice, and import duty rate values IDR. Almost half the period Sudan suffers from dis-saving, affecting adversely well-being and sustainability. Dutch disease DD is apparent since the export of oil in the last quarter 1999.

Full Text: PDF     DOI: 10.15640/jeds.v2n4a15