The Effect of Oil Price Falling on the Jordanian Economic System

Asem Tahtamouni, Fouzan Al Qaisi and Usama Adnan Fendi
Additional contact information
Asem Tahtamouni: American University of Madaba, P. O. Box: 2882, Amman 11821, Jordan,
Fouzan Al Qaisi: American University of Madaba, P. O. Box: 2882, Amman 11821, Jordan
Usama Adnan Fendi: American University of Madaba, P. O. Box: 2882, Amman 11821, Jordan,

International Journal of Economics and Financial Issues, 2017, vol. 7, issue 5, 282-289

Abstract: Because oil is one of the most important commodities, its price impacts the economy as a whole. The oil price has dropped significantly during last years due to the growing gap between demand and supply. Jordanis a small country with a small market business and scarce natural resources, essential the government's hefty reliance on external assistance. This paper aims to evaluate the effect of oil price falling on the Jordanian economic system. Simple regression model has been used to evaluate the relationship between dependent and independent variables. It has been examined the variables between the period 2006 to 2015. The results show that the fall in oil prices impact on the Jordanian economy.

Keywords: Oil Price; Jordanian Economy; Trade of Balance; Gross Domestic Product. (search for similar items in EconPapers)
JEL-codes: F1 Q43 (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
https://www.econjournals.com/index.php/ijefi/article/download/5272/pdf (application/pdf)
https://www.econjournals.com/index.php/ijefi/article/view/5272/pdf (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eco:journ1:2017-05-34

Access Statistics for this article

International Journal of Economics and Financial Issues is currently edited by Ilhan Ozturk

More articles in International Journal of Economics and Financial Issues from Econjournals
Bibliographic data for series maintained by Ilhan Ozturk ().