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Food Exports and Its Contribution to the Sudan Economic Development in the Light of Covid-19 Pandemic: Evidence from Simultaneous Equation Model (1974–2019)

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From Industry 4.0 to Industry 5.0

Part of the book series: Studies in Systems, Decision and Control ((SSDC,volume 470))

Abstract

This study aims to investigate the influence of food export on the economic development by way of appreciated opportunity for Sudan under the COVID-19 pandemic and its implications, meanwhile of higher need of food across the Arab region and a hole of the world. We rely on the evidence from the Simultaneous Equation Model (SEM) with Johansson co-integration test, covered the 1974–2019 period. The results show that food exports have positive significant impact on the economic development, meaning that investment in food export based on Sudan’s comparative advantages of agriculture will drive the economic development in the post-COVID-19. The study recommends that policymakers should take into deliberation investment in the agricultural sector side by side with the industry sector, drawing up strategic plans, establishing the necessary infrastructure, creating economic and political stability, bringing modern agricultural technology, financial access and attracting FDI inflows to improve production and productivity to rise the competitiveness of food exports towards achieving economic development.

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Authors and Affiliations

  1. Department of Finance and Investment, College of Business, Jouf University, Sakaka, Saudi Arabia

    Faiez Ahmed Elneel

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  1. Faiez Ahmed Elneel
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Correspondence to Faiez Ahmed Elneel .

Editor information

Editors and Affiliations

  1. College of Business and Finance, Ahlia University, Manama, Bahrain

    Allam Hamdan

  2. Department of Business Studies, Box Hill College Kuwait, Kuwait, Kuwait

    Arezou Harraf

  3. Ahlia University, Arad, Bahrain

    Amina Buallay

  4. University of Jammu, Jammu, Jammu and Kashmir, India

    Pallvi Arora

  5. Wichita State University, Wichita, KS, USA

    Hala Alsabatin

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Elneel, F.A. (2023). Food Exports and Its Contribution to the Sudan Economic Development in the Light of Covid-19 Pandemic: Evidence from Simultaneous Equation Model (1974–2019). In: Hamdan, A., Harraf, A., Buallay, A., Arora, P., Alsabatin, H. (eds) From Industry 4.0 to Industry 5.0. Studies in Systems, Decision and Control, vol 470. Springer, Cham. https://doi.org/10.1007/978-3-031-28314-7_25

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