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The Impact Of Financial Policy On Economic Growth In Jordan (2000-2017): An Ardl Approach

Author

Listed:
  • 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)

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.

Suggested Citation

  • Nawaf Alghusin & Ayman Abdalmajeed Alsmadi & Esraa Alkhatib & Atala Mohammad Alqtish, 2020. "The Impact Of Financial Policy On Economic Growth In Jordan (2000-2017): An Ardl Approach," Ekonomski pregled, Hrvatsko društvo ekonomista (Croatian Society of Economists), vol. 71(2), pages 97-108.
    • Handle: RePEc:hde:epregl:v:71:y:2020:i:2:p:97-108
    DOI: 10.32910/ep.71.2.1
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    Citations

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    Cited by:

    1. Marwan Alzoubi & Ayman Abdalmajeed Alsmadi & Hamad kasasbeh, 2022. "Systemically Important Bank: A Bibliometric Analysis for the Period of 2002 to 2022," SAGE Open, , vol. 12(4), pages 21582440221, December.
    2. Ayman Abdalmajeed Alsmadi & Marwan Alzoubi, 2022. "Green Economy: Bibliometric Analysis Approach," International Journal of Energy Economics and Policy, Econjournals, vol. 12(2), pages 282-289, March.

    More about this item

    Keywords

    Financial Policy; GDP; Taxation; Money Supply; ARDL;
    All these keywords.

    JEL classification:

    • G20 - Financial Economics - - Financial Institutions and Services - - - General
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • O17 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Formal and Informal Sectors; Shadow Economy; Institutional Arrangements
    • H20 - Public Economics - - Taxation, Subsidies, and Revenue - - - General

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