The Impact of Money Supply and Inflation Rate on Sustainable Development in Sudan: An Empirical Investigation (2000-2022)


Authors : Badreldeen Abdalmalik Alhaj Abouzeed; Ayman Abdalla Mohammed Abubakr

Volume/Issue : Volume 10 - 2025, Issue 9 - September


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DOI : https://doi.org/10.38124/ijisrt/25sep232

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Abstract : The major aim from such study is to investigate the influence of money supplies and inflation rates on real gross domestic products in order to find out if cash supplies and inflation rates can exist used to achieve SDGs within Sudan. Technique has been utilized to yearly time chain data veil the period (1990-2022), which are gathered from the Central Bank of Sudan, Central Bureau of Statistics and World Bank. ARDL method related with error correction procedure (ECM). The findings indicate that in long-run real money supply and inflation rate own negative and significant influence in real GDP within Sudan. This means that the monetary policy is consider very weak to attain economic growth in Sudan, then decrease consumption and extremely poverty. While real investment has positively and statistically significant effects on real GDP. But during the short-term real money supplies, inflation rates and export own positive and significant effects on real GDP in Sudan. Finally the error correction from term CointEq (-1)* is passive and significant as anticipated, as it indicate the rate of modification of short-term to long-term. The study recommended that the government should utilize a proper monetarist policy so as to foster financial integration with all important sectors of the economy that will boost positive results to the Sudan economy.

Keywords : ARDL; Economic Growth; Supply of Money; Inflation; Sudan.

References :

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The major aim from such study is to investigate the influence of money supplies and inflation rates on real gross domestic products in order to find out if cash supplies and inflation rates can exist used to achieve SDGs within Sudan. Technique has been utilized to yearly time chain data veil the period (1990-2022), which are gathered from the Central Bank of Sudan, Central Bureau of Statistics and World Bank. ARDL method related with error correction procedure (ECM). The findings indicate that in long-run real money supply and inflation rate own negative and significant influence in real GDP within Sudan. This means that the monetary policy is consider very weak to attain economic growth in Sudan, then decrease consumption and extremely poverty. While real investment has positively and statistically significant effects on real GDP. But during the short-term real money supplies, inflation rates and export own positive and significant effects on real GDP in Sudan. Finally the error correction from term CointEq (-1)* is passive and significant as anticipated, as it indicate the rate of modification of short-term to long-term. The study recommended that the government should utilize a proper monetarist policy so as to foster financial integration with all important sectors of the economy that will boost positive results to the Sudan economy.

Keywords : ARDL; Economic Growth; Supply of Money; Inflation; Sudan.

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Paper Submission Last Date
31 - December - 2025

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