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

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  • Basem M. Hamouri

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.

Suggested Citation

  • Basem M. Hamouri, 2014. "The Impact of Jordan’s Economic Infrastructure and Institutions on the Performance of Its Financial Market," International Journal of Management Sciences, Research Academy of Social Sciences, vol. 2(2), pages 88-97.
    • Handle: RePEc:rss:jnljms:v2i2p4
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    References listed on IDEAS

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    1. Sarno, Lucio, 2000. "Real exchange rate behavior in the Middle East: a re-examination," Economics Letters, Elsevier, vol. 66(2), pages 127-136, February.
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