The Impact of Jordan’s Economic Infrastructure and Institutions on the Performance of Its Financial Market

Basem M. Hamouri

International Journal of Management Sciences, 2014, vol. 2, issue 2, 88-97

Abstract: This paper illustrates the important role of the economic infrastructure and institutions on Amman Financial Market (AFM) development in Jordan. However, many international studies demonstrate that natural resources (especially oil) in the Middle East and North Africa (MENA) region are the most factors led to the development of their economic sectors which at the end enhance and develop their financial markets. This paper uses regression estimates during the last 13 years available which indicate that the development of infrastructure and institutions are the most robust indicators for the development and the effective functioning of AFM in Jordan given that Jordan does not produce oil and it suffers of a scarcity of natural resources.

Keywords: Financial markets; MENA region; economic development (search for similar items in EconPapers)
Date: 2014
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