The impact of external funding flow on Jordan’s GDP (1997-2017)

Ahmad Mashal, Emad Ahmad, Lama Nasrawi and Anas Ghazalat
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Ahmad Mashal: Arab Open University, Jordan
Emad Ahmad: Arab Open University, Jordan
Lama Nasrawi: Independent Researcher
Anas Ghazalat: Arab Open University, Jordan

International Journal of Research in Business and Social Science (2147-4478), 2021, vol. 10, issue 3, 328-337

Abstract: The main objective of this study is to investigate the impact of external funding flow on Jordan’s GDP (1997 – 2017) focusing on variables such as; grants (GR), soft loans (LN), foreign direct investment (FDI), and the Jordanian migrant worker's remittances (JMWR) on Jordan's GDP which represent the dependent variable through using the E -Views statistical program and multiple regressions analysis. Previous studies showed the significant and non-significant impacts of the flow of external funding on the economy. In this study the researchers analyzed the impact of external funding flow on Jordan's GDP for the period (1997-2017) and found that grants (GR) and foreign direct investment (FDI) have a statistically significant impact on Jordan's GDP; in contrast, soft loans (LN) and the Jordanian migrant’s worker’s remittances (JMWR) have no statistically significant impact on Jordan's GDP for the same period. This study filled the gap and expanded the analysis to test whether there is an impact of grants independently of the soft loans on Jordan’s GDP and vice versa, in addition, the study investigated the impact of other variables such as; foreign direct investment (FDI), and the Jordanian migrant worker's remittances (JMWR). Key Words: External Funding, Grants, Soft loans, Foreign Direct Investment, The Jordanian Migrant’s Worker’s Remittances, Migrant’s Worker’s Remittances, GDP

Date: 2021
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