Jordan's economy faces several difficulties and challenges. These challenges and difficulties are represented by the small size of the economy on the one hand and the scarcity of its financial and natural resources on the other. These two problems and others have forced the Jordanian economy to be dependent on the outside in several areas. Which in turn made the economy easily exposed to external shocks, whether economic or political. So that this study was mainly aimed at demonstrating the extent to which the Jordanian economy has been affected by external events. To achieve this goal, data were used for the period 1976-2018. Two approaches were applied, one descriptive while the second is econometrics. Stability has been measured and analyzed for long and short periods in three dimensions: GDP growth rates, value-added growth rates by sectors: agricultural, mining, industrial, construction, and services. Growth rates for aggregate demand components: private consumption, government spending, investment, exports, and imports. The results indicated the ability of the Jordanian economy to adapt and absorb shocks from abroad, and the results also showed that instability increases as the economy faces external crises. Finally, the results showed that the stability of GDP growth is linked to the stability of the services sector.
| Published in | International Journal of Business and Economics Research (Volume 9, Issue 3) |
| DOI | 10.11648/j.ijber.20200903.15 |
| Page(s) | 125-129 |
| Creative Commons |
This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited. |
| Copyright |
Copyright © The Author(s), 2020. Published by Science Publishing Group |
Economic Growth, Economic Growth Stability, Macroeconomic Stability, Jordan Economy, External Shock
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APA Style
Yaseen Altarawneh, Saeed Mahmoud, Alaaeddin Al-Tarawneh. (2020). Stability of Economic Growth Rates in Jordan: Measurement and Analysis. International Journal of Business and Economics Research, 9(3), 125-129. https://doi.org/10.11648/j.ijber.20200903.15
ACS Style
Yaseen Altarawneh; Saeed Mahmoud; Alaaeddin Al-Tarawneh. Stability of Economic Growth Rates in Jordan: Measurement and Analysis. Int. J. Bus. Econ. Res. 2020, 9(3), 125-129. doi: 10.11648/j.ijber.20200903.15
AMA Style
Yaseen Altarawneh, Saeed Mahmoud, Alaaeddin Al-Tarawneh. Stability of Economic Growth Rates in Jordan: Measurement and Analysis. Int J Bus Econ Res. 2020;9(3):125-129. doi: 10.11648/j.ijber.20200903.15
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Download@article{10.11648/j.ijber.20200903.15,
author = {Yaseen Altarawneh and Saeed Mahmoud and Alaaeddin Al-Tarawneh},
title = {Stability of Economic Growth Rates in Jordan: Measurement and Analysis},
journal = {International Journal of Business and Economics Research},
volume = {9},
number = {3},
pages = {125-129},
doi = {10.11648/j.ijber.20200903.15},
url = {https://doi.org/10.11648/j.ijber.20200903.15},
eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijber.20200903.15},
abstract = {Jordan's economy faces several difficulties and challenges. These challenges and difficulties are represented by the small size of the economy on the one hand and the scarcity of its financial and natural resources on the other. These two problems and others have forced the Jordanian economy to be dependent on the outside in several areas. Which in turn made the economy easily exposed to external shocks, whether economic or political. So that this study was mainly aimed at demonstrating the extent to which the Jordanian economy has been affected by external events. To achieve this goal, data were used for the period 1976-2018. Two approaches were applied, one descriptive while the second is econometrics. Stability has been measured and analyzed for long and short periods in three dimensions: GDP growth rates, value-added growth rates by sectors: agricultural, mining, industrial, construction, and services. Growth rates for aggregate demand components: private consumption, government spending, investment, exports, and imports. The results indicated the ability of the Jordanian economy to adapt and absorb shocks from abroad, and the results also showed that instability increases as the economy faces external crises. Finally, the results showed that the stability of GDP growth is linked to the stability of the services sector.},
year = {2020}
}
TY - JOUR T1 - Stability of Economic Growth Rates in Jordan: Measurement and Analysis AU - Yaseen Altarawneh AU - Saeed Mahmoud AU - Alaaeddin Al-Tarawneh Y1 - 2020/05/14 PY - 2020 N1 - https://doi.org/10.11648/j.ijber.20200903.15 DO - 10.11648/j.ijber.20200903.15 T2 - International Journal of Business and Economics Research JF - International Journal of Business and Economics Research JO - International Journal of Business and Economics Research SP - 125 EP - 129 PB - Science Publishing Group SN - 2328-756X UR - https://doi.org/10.11648/j.ijber.20200903.15 AB - Jordan's economy faces several difficulties and challenges. These challenges and difficulties are represented by the small size of the economy on the one hand and the scarcity of its financial and natural resources on the other. These two problems and others have forced the Jordanian economy to be dependent on the outside in several areas. Which in turn made the economy easily exposed to external shocks, whether economic or political. So that this study was mainly aimed at demonstrating the extent to which the Jordanian economy has been affected by external events. To achieve this goal, data were used for the period 1976-2018. Two approaches were applied, one descriptive while the second is econometrics. Stability has been measured and analyzed for long and short periods in three dimensions: GDP growth rates, value-added growth rates by sectors: agricultural, mining, industrial, construction, and services. Growth rates for aggregate demand components: private consumption, government spending, investment, exports, and imports. The results indicated the ability of the Jordanian economy to adapt and absorb shocks from abroad, and the results also showed that instability increases as the economy faces external crises. Finally, the results showed that the stability of GDP growth is linked to the stability of the services sector. VL - 9 IS - 3 ER -
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