The Effect of Fiscal Policy on the Economic Growth: An Analytical Study, Evidence from Jordan (2005-2020)

Al-Afeef, Mohammad Abdel Mohsen; Hijazi, Haitham Ali; Alsakarneh, Asaad

doi:10.13189/ujaf.2022.100310

Cited by 3 publications

(3 citation statements)

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“…From the reviewed literature one can conclude as follows: Firstly, total tax revenue is positively related to economic growth, this view is supported by McNabb (2018) and Babatunde et al (2017) on their studies for 100 countries and African countries respectively. Secondly, some studies identified distortionary effect of tax revenue on economic growth this is evident in the study conducted by Al-Afeef et al (2022) for Jordan. Thirdly, personal income appeared to be growth-friendly, this view is endorsed by Moyo et al (2021) and Maganya (2020) for South Africa and Tanzania respectively.…”

Section: Balasoiu Et Al (mentioning

confidence: 95%

“…Maganya (2020) is of the view that tax revenue is the key to promoting sustainable growth and eliminating poverty in developing countries. Al-Afeef et al (2022) and Maganya (2020) put emphasis on the fact that tax revenue provide developing countries with predictable and much-needed finance for social and physical infrastructure. Therefore, higher taxes support higher levels of public expenditure some of which may foster economic growth.…”

Section: Introductionmentioning

confidence: 99%

“…In this regard, Hlongwane (2023) added that availability of resources that can be spent by the government is determined by the size and structure of the tax base. Al-Afeef et al (2022) and Maganya (2020) further argue that a wide tax base combined with high economic growth have a potential to reduce the long-term dependency of developing and emerging countries on aid and ensure achievement of macroeconomic stability. Babatunde et al (2017) and Stoilova (2017) confirmed that taxation is one of the significant factors that determines the productive capacity of the country.…”

Section: Introductionmentioning

confidence: 99%

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Economic Growth Effects of Fiscal Policy in South Africa: Empirical Evidence from Personal Income Tax

Tala

2024

IJEFI

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This study determined economic growth effects of fiscal policy in South Africa. Particular attention was paid to effects of personal income tax on economic growth for the period 1993Q3 -2022Q4. The influence of personal income tax on economic growth was analysed using non-linear autoregressive distributed lag (NARDL) bounds test for cointegration. Estimated results indicated rise in personal income tax is growth-friendly in the short-run. While, in the long –run growth is affected by both positive and negative shocks in personal income tax. Positive personal income tax changes are detrimental to economic growth in the long run. Increasing personal income tax will compromise the country’s economic growth strategy. Furthermore, positive changes in personal income tax affect economic growth more than negative shocks as confirmed by dynamic multiplier graph. Dynamic multiplier graph further reveal existence of asymmetry. Additionally, Wald test value of -6.2775 validated asymmetric effect of personal income tax on economic growth. It is therefore, recommended that policy makers should focus on considering other sources of tax revenue. The current structure of the tax system is skewed towards personal income tax. Policy makers should keep the current ratio of personal income tax and widen tax base to realise inclusive economic growth.

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Section: Balasoiu Et Al (mentioning

confidence: 95%

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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Economic Growth Effects of Fiscal Policy in South Africa: Empirical Evidence from Personal Income Tax

Tala

2024

IJEFI

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Factors affecting the quality of accounting disclosures provided in the annual reports for Jordanian firms

Al‐Mohareb,

Gutiérrez Ponce,

Chamizo González

2024

Corp Soc Responsibility Env

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This study aims to cover the factors that affect Jordanian companies’ annual reports’ accounting disclosures within the country's regulatory framework. This study analyses the qualitative content of accounting disclosures in Jordanian service and manufacturing companies to ascertain whether Jordanian law affects the company's capacity to provide adequate disclosures to stakeholders and whether industry type affects disclosure quality. The content analysis results indicated that Jordanian firms are aware of the laws and regulations governing the preparation of annual reports. Still, corporate governance rules are insufficient. Furthermore, the results revealed that annual report preparers are committed to mandatory and voluntary but provide inadequate CSR disclosures. The findings showed that service firms outperform manufacturing companies in terms of paying attention to narrating events and taking action to reduce their impact. Multiple factors influence the quality of accounting disclosures in Jordan. As for a limitation, content analysis inherently involves some level of subjectivity in interpreting and coding data, which could introduce bias into the analysis. Nevertheless, conducting targeted studies on particular sectors within Jordan could yield valuable information regarding industry‐specific disclosure procedures and obstacles, which could be a future study.

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Implementation of Citizen-Oriented Economic Policies

Göksu,

Demirhan,

Demirhan

2023

Contributions to Public Administration and Public Policy

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The Effect of Fiscal Policy on the Economic Growth: An Analytical Study, Evidence from Jordan (2005-2020)

Cited by 3 publications

References 0 publications

Economic Growth Effects of Fiscal Policy in South Africa: Empirical Evidence from Personal Income Tax

Economic Growth Effects of Fiscal Policy in South Africa: Empirical Evidence from Personal Income Tax

Factors affecting the quality of accounting disclosures provided in the annual reports for Jordanian firms

Implementation of Citizen-Oriented Economic Policies

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