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The Impact of Structural Reform Programs on Economic Growth in Jordan

    Authors

    • Aysar Y. Fahad
    • Akram Jamee
,

Document Type : Research Paper

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Abstract

The study aimed to analyze the effects of structural reform programs on Economic growth in Jordan during the period from 1980 to 2018. Using the (PMG / ARDL) model, the effect of a set of variables explaining structural reform programs on economic growth was highlighted. The ECM appeared to us significantly and with a negative sign (-0.15), which confirmed the existence of a long-term causal relationship (a relationship between an event called a cause and an event called an effect) between the dependent variable and the independent variables, and that the imbalance occurring in the short term in the study group will be corrected / adjusted at 15%, respectively, in order to reach To an equilibrium value in the long run. The study concluded that there is a direct significant relationship between the consumer price index, domestic investment and secondary school enrollment with the gross domestic product, and a negative non-significant relationship between; net indirect taxes and trade openness with the gross domestic product. It recommended the importance of pushing forward in enhancing the investment climate and adopting advanced policies in infrastructure and institutions while supporting education programs, governance, in parallel with adopting social policies that enhance the social safety net and combat poverty, to capture the effects associated with engaging in reform programs.

Keywords

  • Structural program reform
  • Economic growth
  • ECM
  • PMG/ARDL
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Alkut university college journal
Volume 7, Issue 2
issue 2
September 2023
Page 118-132
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  • Article View: 72
  • PDF Download: 20

APA

Fahad, A. Y. and Jamee, A. (2023). The Impact of Structural Reform Programs on Economic Growth in Jordan. Alkut university college journal, 7(2), 118-132.

MLA

Fahad, A. Y. , and Jamee, A. . "The Impact of Structural Reform Programs on Economic Growth in Jordan", Alkut university college journal, 7, 2, 2023, 118-132.

HARVARD

Fahad, A. Y., Jamee, A. (2023). 'The Impact of Structural Reform Programs on Economic Growth in Jordan', Alkut university college journal, 7(2), pp. 118-132.

CHICAGO

A. Y. Fahad and A. Jamee, "The Impact of Structural Reform Programs on Economic Growth in Jordan," Alkut university college journal, 7 2 (2023): 118-132,

VANCOUVER

Fahad, A. Y., Jamee, A. The Impact of Structural Reform Programs on Economic Growth in Jordan. Alkut university college journal, 2023; 7(2): 118-132.

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