University of Khartoum

The Expected Economic Impacts of Sudan's Accession to the World Trade Organization: the Case of the Banking Sector, 1970-2008.

The Expected Economic Impacts of Sudan's Accession to the World Trade Organization: the Case of the Banking Sector, 1970-2008.

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Title: The Expected Economic Impacts of Sudan's Accession to the World Trade Organization: the Case of the Banking Sector, 1970-2008.
Author: Abubakr Eltigani Elhag, Mohamed
Abstract: Abstract Name: Abubakr Eltigani Elhag Mohamed Title: The expected Economic Impacts of Sudan's Accession to the World Trade Organization: The Case of the Banking Sector, 1970-2008. This Study attempts to investigate the expected economic impacts of Sudan's accession to the World Trade Organization; concentrating on the role of the banking sector for the period 1970-2008. The methodology in this study is partially empirical and partially descriptive based on secondary sources of information. The study adopted two hypotheses: First, the Sudanese selected financial indicators were positively and significantly correlated with each selected growth indicator. Second, the undertaken financial reforms in Sudan positively contribute to the country’s financial development and its economic growth. The analysis has been conducted in two stages. Stage one examines the relationship between financial development and economic growth in Sudan. Results obtained show that the selected financial indicators have significant explanatory powers on only two out of four growth indicators. This is attributed to the failure in financing the agricultural sector. Stage two investigates the presence of the prerequisites of good institutions and macroeconomic stability, which make financial liberalization beneficial to developing countries. In addition, improvements in financial and monetary indicators lead to improvements in the GDP growth rates. In general, results obtained do not satisfy the first hypothesis, but they satisfy -to some extent- the second hypothesis. Although some positive and negative impacts may results from Sudan's accession to the World Trade Organization, it is expected that accession will improve the efficiency of domestic banks and banking supervision.
Description: 208 page
URI: http://khartoumspace.uofk.edu/handle/123456789/13038
Date: 2015-06-16


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