Oil price shocks and Sudan’s current account

Rahma, Elsiddig, Perera, Noel and Tan, Kian (2016) Oil price shocks and Sudan’s current account. In: 4th IBESRA Conference 2016, 27-28 February 2016, Istanbul.

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Abstract

This paper aims at examining the relationship between oil price shocks and the current account in Sudan. The Vector Auto-Regression model is employed using quarterly data over the period 2000:q1 – 2011:q2. The main findings suggest that negative and positive shocks have impacted current account and trade balances in a symmetric fashion. Granger cause test shows that oil price increases and decreases have significant effect on current account balance. Impulse response functions have shown that the initial response of trade and current account balances to positive and negative shocks is statistically significant. Variance decomposition analysis suggests that negative oil price shocks are responsible of the major variations other than the variables own shocks.

Item Type: Conference or Workshop Item (Paper)
Additional Information: IBESRA: International Business Economics Social Sciences Research Association
Subjects: G300 Statistics
H100 General Engineering
L100 Economics
N400 Accounting
Department: Faculties > Engineering and Environment > Mechanical and Construction Engineering
Related URLs:
Depositing User: Noel Perera
Date Deposited: 29 Mar 2016 10:34
Last Modified: 12 Sep 2017 19:07
URI: http://nrl.northumbria.ac.uk/id/eprint/26448

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