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

Author

Listed:
  • Ahmad Mashal

    (Arab Open University, Jordan)

  • Emad Ahmad

    (Arab Open University, Jordan)

  • Lama Nasrawi

    (Independent Researcher)

  • Anas Ghazalat

    (Arab Open University, Jordan)

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

Suggested Citation

  • Ahmad Mashal & Emad Ahmad & Lama Nasrawi & Anas Ghazalat, 2021. "The impact of external funding flow on Jordan’s GDP (1997-2017)," International Journal of Research in Business and Social Science (2147-4478), Center for the Strategic Studies in Business and Finance, vol. 10(3), pages 328-337, April.
    • Handle: RePEc:rbs:ijbrss:v:10:y:2021:i:3:p:328-337
    DOI: 10.20525/ijrbs.v10i3.1133
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    References listed on IDEAS

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    1. Hoda Abd El Hamid Ali, 2013. "Foreign Aid and Economic Growth in Egypt: A Cointegration Analysis," International Journal of Economics and Financial Issues, Econjournals, vol. 3(3), pages 743-751.
    2. Raza, Syed Ali & Sabir, Muhammad Sarwar & Mehboob, Farhan, 2011. "Capital inflows and economic growth in Pakistan," MPRA Paper 36790, University Library of Munich, Germany.
    3. Alperen AGCA, 2015. "Financial Development and Economic Growth: Turkey Case," Proceedings of International Academic Conferences 1003857, International Institute of Social and Economic Sciences.
    4. Jamal G. Husein, 2018. "Foreign aid, workers’ remittances and economic growth in Jordan," International Journal of Social Economics, Emerald Group Publishing Limited, vol. 46(4), pages 532-548, November.
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