Page 530 - 2016 - Vol. 40
P. 530

that the MPA is very high in Sudan during the period under
study (0.988). This may be attributed to the increases in the
total expenditure on final goods and services both by
household and government sectors. This suggests that
devaluation of the Sudanese pound has probably been
ineffective as far as the balance of payments is concerned.
The policy implications in this regard are that government
has incentives to fiddle with absorption by changing the
volume of the government expenditure and-limiting the
absorption of the economy through taxes.

       Pandhi (2007) has analyzed the theories behind the
role that exports play in growth, and has used regression
analysis to four African nations namely the Democratic
Republic of the Congo, Guinea Bissau, Malawi, and
Nigeria during the period (1981-2003). Following Foster's
model and using the first-difference form of the variables,
the regression results have shown a mostly positive
relationship between exports and growth and mixed results
for the other independent variables, investment and
population .Pradhan (2007) has examined export led
growth (ELG) hypothesis for India using different
approaches by employing data at the aggregate level
covering the post-liberalization period. By employing co-

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