The Effect of Trade Openness on Economic Growth in Jordan: An Analytical Investigation (1992-2015)

Rami Obeid and Bassam Awad
Additional contact information
Rami Obeid: Head of Data Analysis and Management Division, Central Bank of Jordan, Amman, Jordan

International Journal of Economics and Financial Issues, 2018, vol. 8, issue 2, 219-226

Abstract: This study aims at measuring the effect of trade openness and financial development on economic growth in Jordan based on quarterly data for the period (1992-2015). Two forms were used for measuring the effect of trade openness on economic growth using the Autoregressive Distributed lag model (ARDL). The results showed that there exists a long-term positive effect of trade openness (measured by the ratio of sum of exports and imports to GDP) and financial development (represented by the ratio of both credit extended to the private sector and broad money supply to GDP) on economic growth in Jordan. For the short-term impact, the effect of trade openness and financial development on economic growth was not statistically significant.

Keywords: Trade openness; economic growth; Jordan (search for similar items in EconPapers)
JEL-codes: F17 F43 O47 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://www.econjournals.com/index.php/ijefi/article/download/6030/pdf (application/pdf)
https://www.econjournals.com/index.php/ijefi/article/view/6030/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:journ1:2018-02-26

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 ().