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Macro‐Economic Linkages To Agriculture: A General Equilibrium Model For Sudan

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  • Rashid M. Hassan
  • Arne Hallam

Abstract

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.

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  • Rashid M. Hassan & Arne Hallam, 1996. "Macro‐Economic Linkages To Agriculture: A General Equilibrium Model For Sudan," Journal of Agricultural Economics, Wiley Blackwell, vol. 47(1‐4), pages 66-88, January.
    • Handle: RePEc:bla:jageco:v:47:y:1996:i:1-4:p:66-88
    DOI: 10.1111/j.1477-9552.1996.tb00672.x
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    1. Domowitz, Ian & Elbadawi, Ibrahim, 1987. "An error-correction approach to money demand : The case of Sudan," Journal of Development Economics, Elsevier, vol. 26(2), pages 257-275, August.
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    3. Pick, Daniel H & Vollrath, Thomas L, 1994. "Real Exchange Rate Misalignment and Agricultural Export Performance in Developing Countries," Economic Development and Cultural Change, University of Chicago Press, vol. 42(3), pages 555-571, April.
    4. Robert G. Chambers, 1984. "Agricultural and Financial Market Interdependence in the Short Run," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 66(1), pages 12-24.
    5. Dewatripont, Mathias & Michel, Gilles, 1987. "On closure rules, homogeneity and dynamics in applied general equilibrium models," Journal of Development Economics, Elsevier, vol. 26(1), pages 65-76, June.
    6. Luther G. Tweeten, 1980. "Macroeconomics in Crisis: Agriculture in an Underachieving Economy," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 62(5), pages 853-865.
    7. Krueger, Anne O & Schiff, Maurice & Valdes, Alberto, 1988. "Agricultural Incentives in Developing Countries: Measuring the Effect of Sectoral and Economywide Policies," The World Bank Economic Review, World Bank, vol. 2(3), pages 255-271, September.
    8. Ghura, Dhaneshwar & Grennes, Thomas J., 1991. "The Impact of Real Exchange Rate Misalignment and Instability on Macroeconomic Performance in Sub-Saharan Africa," Working Papers 51146, International Agricultural Trade Research Consortium.
    9. G. Edward Schuh, 1974. "The Exchange Rate and U. S. Agriculture," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 56(1), pages 1-13.
    10. Deaton, Angus S & Muellbauer, John, 1980. "An Almost Ideal Demand System," American Economic Review, American Economic Association, vol. 70(3), pages 312-326, June.
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    Cited by:

    1. Grames, Johanna & Zoboli, Ottavia & Laner, David & Rechberger, Helmut & Zessner, Matthias & Sánchez-Romero, Miguel & Prskawetz, Alexia, 2019. "Understanding feedbacks between economic decisions and the phosphorus resource cycle: A general equilibrium model including material flows," Resources Policy, Elsevier, vol. 61(C), pages 311-347.
    2. Sassi, Maria & Cardaci, Alberto, 2013. "Impact of rainfall pattern on cereal market and food security in Sudan: Stochastic approach and CGE model," Food Policy, Elsevier, vol. 43(C), pages 321-331.
    3. Sassi, Maria & Cardaci, Alberto, 2012. "Impact Of Climate Change On Cereal Market And Food Security In Sudan: Stochastic Approach And Cge Model," 86th Annual Conference, April 16-18, 2012, Warwick University, Coventry, UK 134779, Agricultural Economics Society.
    4. Sassi, Maria & Cardaci, Alberto, 2012. "Impact of climate change on wheat market and food security in Sudan: stochastic approach and CGE model and CGE Model," 2012 First Congress, June 4-5, 2012, Trento, Italy 124110, Italian Association of Agricultural and Applied Economics (AIEAA).

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