The study aims to showing how changes in the world oil prices affect the economic growth in Jordan, as well as to measure how these changes are passing through on the last prices of oil products such as gasoline, diesel, and kerosene. To meet the research goals, a set of econometric models that using monthly, quarterly and annual data. The study found a set of essential results, most notably that the oil consumption as a percentage of GDP has grown during the period of the study by 30.2% as measured by imported oil value, also it found that the ordinary and emergency price changes have no effects on oil's share of the economy, while it found that the low prices have a critical effect on the economy. The results also clearly showed that the government passed through 125% of the increases in the world oil prices to both types of gasoline, while the prices of diesel (kerosene) depend on its price recorded in the last month only. The results also, show that the fair prices for each liter of the gasoline 90 and 95
The main objective of this study is to measure the quality level of the Jordanian banking services, and to investigate the opinions of the beneficiaries from the quality of Jordanian banking services. However, the services of banks are characterized by their importance in various fields (i.e., economic, social, and civilization). This study is conducted in the Jordanian banking sector, because this sector has a key role in the Jordanian economy. In addition, the challenges are facing banking sector because of the openness, and the possibility of foreign banks entry and what consequent competition.
PurposeThis study analyzes the impact of the procedures followed by the Central Bank of Jordan during the COVID-19 pandemic on the financial performance of Jordanian banks listed on the Amman Stock Exchange over the period (2019Q1–2021Q3).Design/methodology/approachThe panel fixed effect model was used to measure the impact of each of the required reserve ratios and the deferred loans on the profitability of Jordanian banks represented by the return on total assets.FindingsThe results revealed a negative relationship at the significance level of 10% between the required reserve ratio and the return on total assets. Also, there is a negative relationship at the significance level of 5% between the deferred loans and the return on total assets.Research limitations/implicationsThe paper recommends the Central Bank of Jordan following a precautionary policy to encounter systematic risks that cannot be eliminated by using diversification.Originality/valueWith the severe impact of the Coronavirus pandemic on the overall economic performance of the national economic sectors and the subsequent negative impact on the living standard of society’s members, this study shows the government’s role represented by the procedures of its monetary authority (Central Bank of Jordan) to mitigate the effects of this pandemic, as well as measuring the impact of these procedures on the financial performance of Jordanian banks listed on the Amman Stock Exchange.
The relationship between stock market development and economic growth has been diversely investigated by many researchers. This paper investigates the equilibrium and causal relationships between stock market development and economic growth in Jordan for the 1980-2018 period. It employs the ARDL approach and the results show evidence of a co-integration and causal relationships between variables. These results are broadly consistent with similar studies carried out for other developing economies.
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