Migrants' remittances, capital flight, and macroeconomic imbalance in Sudan's hidden economy

Brown R.P.C. (1992) Migrants' remittances, capital flight, and macroeconomic imbalance in Sudan's hidden economy. Journal of African Economies, 1 1: 86-108.

Author Brown R.P.C.
Title Migrants' remittances, capital flight, and macroeconomic imbalance in Sudan's hidden economy
Journal name Journal of African Economies   Check publisher's open access policy
ISSN 0963-8024
Publication date 1992-01-01
Sub-type Article (original research)
Open Access Status Not yet assessed
Volume 1
Issue 1
Start page 86
End page 108
Total pages 23
Subject 1312 Molecular Biology
2613 Statistics and Probability
2605 Computational Mathematics
1706 Computer Science Applications
1703 Computational Theory and Mathematics
3303 Development
2002 Cultural Studies
Abstract Migration to the Gulf, the spread of the parallel economy, and capital flight have become major features of Sudan's economy. This paper examines these processes, analyzes the relationships between them and estimates their quantitative significance over the period 1978-87, based on survey data on Sudanese migrants abroad, andusing a simple macroeconomic accounting framework It finds that the revised macroeconomic aggregates incorporating the unrecorded international financial flows and domestic transactions associated with these "hidden" adjustment processes give a completely different picture of Sudan's economic imbalances and the nature of the microeconomic processes underlying these. The efficacy of orthodox IMF and World Bank analysis and policy prescriptions are then questioned in the light of this alternative perspective.
Q-Index Code C1
Q-Index Status Provisional Code
Institutional Status Unknown

Document type: Journal Article
Sub-type: Article (original research)
Collection: Scopus Import - Archived
 
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Created: Sat, 09 Jul 2016, 16:58:54 EST by System User