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The Role of the Jordanian Banking Sector in Economic Development

Author

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  • Abedalfattah Zuhair Al-abedallat

Abstract

The aim of this study is to investigate the impact of the Jordanian banking sector on economic development that was measured by the Gross Domestic Product (GDP). It aims to identify the role of the Jordanian banking sector in the support of economic development through the study of the size of the credit facilities offered by banks. The study relied on descriptive and analytic method, as well as on field study. The population of this study represents the working banks in Jordan, which offers various banking services to the customers. The tool of the study include data of credit facilities, banking deposits for Jordanian banking sector, and gross domestic product that were collected from the annual financial status of Jordanian Central Bank for the period (2000- 2015). The study found that there is a significant statistical impact of the factors (the deposits of the banking sector, Credit facilities) on Gross Domestic Product (GDP). The study rejected the null hypothesis and accepted the alternative hypothesis for the two hypotheses. Also, the study recommended that the Jordanian banking sector should expand in the granting of credit facilities to all economic sectors.

Suggested Citation

  • Abedalfattah Zuhair Al-abedallat, 2017. "The Role of the Jordanian Banking Sector in Economic Development," International Business Research, Canadian Center of Science and Education, vol. 10(4), pages 139-147, April.
    • Handle: RePEc:ibn:ibrjnl:v:10:y:2017:i:4:p:139-147
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    Citations

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    Cited by:

    1. Antonio J. Dayag & Fernando Trinidad, 2019. "Growth of Universal Banking in the Philippines: A Correlational Study with Economic Growth," International Journal of Finance & Banking Studies, Center for the Strategic Studies in Business and Finance, vol. 8(3), pages 66-76, July.
    2. Rasha Istaiteyeh & Maysa’a Munir Milhem & Farah Najem & Ahmed Elsayed, 2024. "Determinants of Operating Efficiency for the Jordanian Banks: A Panel Data Econometric Approach," IJFS, MDPI, vol. 12(1), pages 1-17, January.
    3. Al-Amad, Amjad H. & Balmer, John M.T., 2023. "Augmented role identity saliency of CSR in corporate heritage organizations," Journal of Business Research, Elsevier, vol. 155(PA).

    More about this item

    Keywords

    Jordanian banking sector; banking deposits; credit facilities; economic development; central bank;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G29 - Financial Economics - - Financial Institutions and Services - - - Other
    • E51 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Money Supply; Credit; Money Multipliers
    • A10 - General Economics and Teaching - - General Economics - - - General
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies

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