Page 534 - 2016 - Vol. 40

that the money supply, government expenditure, and total
exports have a positive impact on economic activity. The
results revealed that the most important single variable
which has a significant positive effect on economic activity
is exports.

This suggests that export promotion have played a
significant role in economic growth over the study period.
On the other hand, neither monetary policy nor fiscal policy
has had any significant impact on growth. This might
provide an evidence of the failure of such policies and their
nature in inducing growth.

According to Elbadawi (2002), remittances from
Sudanese nationals working abroad averaged more than
three times the Dollar value of official exports during
(1983-84), these huge foreign exchange resources
encouraged the government to adopt reforms to unify the
exchange rate. Having failed to attract further investment
from the oil surplus economies in the Arab region, these
reforms aimed at mobilizing the resources of the
remittances from these countries.

However, these efforts were largely unsuccessful,
and Sudanese nationals have continued to send the bulk of

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