2019_Nexus Among Capital In flows,Trade Openness, Gross Capital Formation and Economic Growth: A Study on Jordan
| Format: | General Document |
|---|
| _version_ | 1860798053949112320 |
|---|---|
| building | INTELEK Repository |
| collection | Online Access |
| collectionurl | https://intelek.unisza.edu.my/intelek/pages/search.php?search=!collection3 |
| copyright | Copyright©PWB2025 |
| country | Malaysia |
| date | 2019-09-25 |
| format | General Document |
| id | 15654 |
| institution | UniSZA |
| internalnotes | Sila masukkan subject wajib Dissertations, Academic. Terima kasih... |
| originalfilename | NEXUS AMONG CAPITAL INFLOWS,TRADE OPENNESS, GROSS CAPITAL FORMATION AND ECONOMIC GROWTH A STUDY ON JORDAN (PHD_2019).pdf |
| person | Abu-Eid Ali Ibrahim |
| recordtype | oai_dc |
| resourceurl | https://intelek.unisza.edu.my/intelek/pages/view.php?ref=15654 |
| sourcemedia | Server storage Scanned document |
| spelling | 15654 https://intelek.unisza.edu.my/intelek/pages/view.php?ref=15654 https://intelek.unisza.edu.my/intelek/pages/search.php?search=!collection3 General Document Malaysia Library Staff (Top Management) Library Staff (Management) Library Staff (Support) Terengganu Faculty of Business and Management English application/pdf 1.5 Server storage Scanned document Universiti Sultan Zainal Abidin UniSZA Private Access Universiti Sultan Zainal Abidin SAMBox 2.4.24; modified using iTextSharp™ 5.5.10 ©2000-2016 iText Group NV (AGPL-version) 264 Gross Capital Formation 2019-09-25 Copyright©PWB2025 Abu-Eid Ali Ibrahim NEXUS AMONG CAPITAL INFLOWS,TRADE OPENNESS, GROSS CAPITAL FORMATION AND ECONOMIC GROWTH A STUDY ON JORDAN (PHD_2019).pdf Nexus Capital In flows Trade Openness, Gross Capital Formation Capital movements – Jordan Foreign direct investment – Economic impact Trade openness – Economic growth Economic development – Macroeconomic factors 2019_Nexus Among Capital In flows,Trade Openness, Gross Capital Formation and Economic Growth: A Study on Jordan Jordan has been depending on the foreign aid to sustain its growing programs since independence, and the aid continues to be the highest proportion in the foreign capital inflows to Jordan. Moreover, for decades, foreign aid has been employed as a solution to various socio-economic problems in Jordan. Therefore, the main objectives of this study are: l) to investigate the short run and long run impact of capital inflows, trade openness, gross capital formation and economic groMh in Jordan from 1970-2017;2) to examine the causal relationship between capital inflows, trade openness, gross capital formation and economic growth in Jordan from 1970-2017;3) to examine the impact of 2008 World financial crisis on economic growth in Jordan; 4) to identity the level of economic growth in responce to changes in capital inflows, trade openness, and gross capital lormation in Jordan. This study employed Augmented Dickey Fuller (ADF) unit root test. Philipps-Perron (PP) unit root test, Zivot-Andrew' unit root test, Autoregressive Distributive Lags (ARDL) cointegration test. Bayer- Hanck combine cointegration test Bayer-Hanck combine cointegration test, and Granger non-causality test proposes by Toda - Yamamoto (1995). The results of both ARDL cointegration and Bayer-Hanck combine cointegration test revealed that long run cointegration exists between foreign aids, loreign direct investment, gross f-rxed capital formation, trade openness and economic growth. In addition, the results of ARDL long run estimates showed that loreign aids, foreign direct investment. gross fixed capital formation, trade openness have a positive and significant effect on economic growth. However, the 2008 t'inancial crisis has significant positive ef'tect on economic growth. Besides that, the interaction term of Foreign Direct lnvestment Foreign Aids (FDIFA) have a signiticant negative eft'ect on economic growh. Fu(hermore. the results of causality test indicated that there is a bidirectional causal relationship between foreign direct investment and economic growth. The results ol the causality showed unidirectional causal relationship from gross t'ixed capital tbrmation to economic growth; and from economic growth to foreign aids. Moreover. the results of impulse response and variance decomposition revealed that foreign aids and foreign direct investment are the most important variables of influencing the economy in Jordan. Proactive measures need to be established to sustain economic growth in the country through enhancing productivity level, encouraging savings culture and economizing resources to promote capital accumulation. Moreover, credit tbcilities need to be efficiently allocated for investment to th-rive. Dissertations, Academic Sila masukkan subject wajib Dissertations, Academic. Terima kasih... Thesis |
| spellingShingle | 2019_Nexus Among Capital In flows,Trade Openness, Gross Capital Formation and Economic Growth: A Study on Jordan |
| state | Terengganu |
| subject | Gross Capital Formation Capital movements – Jordan Foreign direct investment – Economic impact Trade openness – Economic growth Economic development – Macroeconomic factors Dissertations, Academic |
| summary | Jordan has been depending on the foreign aid to sustain its growing programs since independence, and the aid continues to be the highest proportion in the foreign capital inflows to Jordan. Moreover, for decades, foreign aid has been employed as a solution to various socio-economic problems in Jordan. Therefore, the main objectives of this study are: l) to investigate the short run and long run impact of capital inflows, trade openness, gross capital formation and economic groMh in Jordan from 1970-2017;2) to examine the causal relationship between capital inflows, trade openness, gross capital formation and economic growth in Jordan from 1970-2017;3) to examine the impact of 2008 World financial crisis on economic growth in Jordan; 4) to identity the level of economic growth in responce to changes in capital inflows, trade openness, and gross capital lormation in Jordan. This study employed Augmented Dickey Fuller (ADF) unit root test. Philipps-Perron (PP) unit root test, Zivot-Andrew' unit root test, Autoregressive Distributive Lags (ARDL) cointegration test. Bayer- Hanck combine cointegration test Bayer-Hanck combine cointegration test, and Granger non-causality test proposes by Toda - Yamamoto (1995). The results of both ARDL cointegration and Bayer-Hanck combine cointegration test revealed that long run cointegration exists between foreign aids, loreign direct investment, gross f-rxed capital formation, trade openness and economic growth. In addition, the results of ARDL long run estimates showed that loreign aids, foreign direct investment. gross fixed capital formation, trade openness have a positive and significant effect on economic growth. However, the 2008 t'inancial crisis has significant positive ef'tect on economic growth. Besides that, the interaction term of Foreign Direct lnvestment Foreign Aids (FDIFA) have a signiticant negative eft'ect on economic growh. Fu(hermore. the results of causality test indicated that there is a bidirectional causal relationship between foreign direct investment and economic growth. The results ol the causality showed unidirectional causal relationship from gross t'ixed capital tbrmation to economic growth; and from economic growth to foreign aids. Moreover. the results of impulse response and variance decomposition revealed that foreign aids and foreign direct investment are the most important variables of influencing the economy in Jordan. Proactive measures need to be established to sustain economic growth in the country through enhancing productivity level, encouraging savings culture and economizing resources to promote capital accumulation. Moreover, credit tbcilities need to be efficiently allocated for investment to th-rive. |
| title | 2019_Nexus Among Capital In flows,Trade Openness, Gross Capital Formation and Economic Growth: A Study on Jordan |
| title_full | 2019_Nexus Among Capital In flows,Trade Openness, Gross Capital Formation and Economic Growth: A Study on Jordan |
| title_fullStr | 2019_Nexus Among Capital In flows,Trade Openness, Gross Capital Formation and Economic Growth: A Study on Jordan |
| title_full_unstemmed | 2019_Nexus Among Capital In flows,Trade Openness, Gross Capital Formation and Economic Growth: A Study on Jordan |
| title_short | 2019_Nexus Among Capital In flows,Trade Openness, Gross Capital Formation and Economic Growth: A Study on Jordan |
| title_sort | 2019_nexus among capital in flows,trade openness, gross capital formation and economic growth: a study on jordan |