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Review Article

JCR. 2020; 7(2): 534-541


DETERMINANTS OF JORDANIAN ECONOMIC GROWTH: TIME SERIES APPROACH

Raed Walid Al-Smadi, Eyad Malkawi.

Abstract
This paper examines the dynamic relationship between domestic investment, foreign direct investment, economic openness, labour and economic growth in Jordan. Time series data for 1985-2017) period and autoregressive distributed lag model is used. The results of the study reveal that, domestic investment, foreign direct investment, economic openness and labours lead to increase the level of the economic growth in Jordan in the long run and short run. Thus, the policy makers in Jordan have to give more attention to attract more foreign direct investment from side and encouragement the domestic investment form other side to improve the level of economic growth in Jordan.

Key words: economic growth; domestic investment; foreign direct investment; economic openness; labours; autoregressive distributed lag (ARDL) model; Jordan.



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