THE IMPACT OF FINANCIAL POLICY ON ECONOMIC GROWTH IN JORDAN (2000-2017): AN ARDL APPROACH

Nawaf Alghusin, Ayman Abdalmajeed Alsmadi, Esraa Alkhatib and Atala Mohammad Alqtish
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Nawaf Alghusin: AL Zaytoonah University of Jordan, Faculty of Business
Ayman Abdalmajeed Alsmadi: AL Zaytoonah University of Jordan, Faculty of Business
Esraa Alkhatib: AL Zaytoonah University of Jordan, Faculty of Business
Atala Mohammad Alqtish: AL Zaytoonah University of Jordan, Faculty of Business

Ekonomski pregled, 2020, vol. 71, issue 2, 97-108

Abstract: The aim of this paper is to examine the impact of financial policy on rate of economic growth in Jordan for the period of (2000-2017) taking into the considerations the fluctuations of taxation system. Autoregressive Distributed Lag (ARDL) approach has been utilized in order to analyze the long term relationship between study variable which are; money supply (M2), domestic credit provided by banks (DCBS) and real Gross Domestic Product GDP. The results shows that, money (M2) and domestic credit provided by banks (DCBS) can effects on GDP in Jordan for the study period. The taxation system in Jordan has been fluctuated many times during 2017 and 2018, which made the data partly not available. This led the researchers to spend long time to find an accurate data in order to finalize this study. This study will add good practical evidence on the impact of changing the taxation system positively or negatively on the economic growth.

Keywords: Financial Policy; GDP; Taxation; Money Supply; ARDL (search for similar items in EconPapers)
JEL-codes: G20 G28 H20 O17 O40 (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (2)

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