The Nexus Between Fiscal Policy and Economic Growth for Jordan: Fresh Insights From Maki Cointegration

Purpose: The aim of this study is to investigate the relationship between information technology governance and cyber security, and how this relationship affects investor confidence. Theoretical framework: The study drawing upon theories and concepts from information technology, risk management, and finance to provide a comprehensive understanding of the relationship between IT governance, cyber security, and investor confidence. Design/methodology/approach: The statistical software Smart-PLS was utilized to perform an analysis and extract relevant findings from the data collected from the sample group, which comprised 153 individuals. The results obtained through this process were integral to the successful implementation of the research in practice. Findings: The study found that investor confidence is impacted by cyber security, but neither investor confidence nor cyber security are significantly impacted by information technology governance. Research, Practical & Social implications: The study highlights the crucial role of information technology governance dimensions in financial reports of businesses that operate in the IT industry, particularly telecommunications firms and private banks. By including such information in their financial statements, these organizations can effectively enhance investor confidence in their operations. Originality/value: The study's originality and value lie in its critique of the inadequate transparency and lack of interest in information technology governance in the financial reports of banks, telecommunications companies, and other sectors listed on the financial market. The findings underscore the significance of including such information in financial statements to boost investor confidence in these organizations.

Section: Investor Confidencementioning

confidence: 99%

The Role of Information Technology Governance on Enhancing Cybersecurity and its Reflection on Investor Confidence

Shaker¹,

Al-Shiblawi²,

Union³

et al. 2023

“…The study's findings indicated that government expenditures, representing fiscal policy, had a more pronounced and immediate impact on bolstering the stability of the Jordanian economy compared to the money supply, which represented monetary policy. In a study led by Al_kasasbeh, Omar, et al (2022), the main aim was to assess the impacts of fiscal measures and the liberalization of trade on the growth of Jordan's economy. For analysis, the researchers used Kapetanios and Augmented Dicky Fuller unit root tests.…”

Section: Literature Reviewmentioning

confidence: 99%

The Role of Monetary Policy in Shaping Jordan's Economic Growth: A Regression Analysis from 2008 to 2022

AL-Tamimi,

Jaradat,

Aityassinec

2023

Purpose: The aim of this research is to investigates the correlation between monetary policy and economic growth in Jordan during the period from 2008 to 2022. The study evaluates significant macroeconomic indicators, including inflation rate, interest rate, money supply, and economic growth, within and beyond the specified time frame. The objective of this study is to assess the influence of monetary policy on economic growth through the utilization of the statistical technique of least squares regression. Accurate results are obtained using EViews, a widely recognized statistical program. The data for this study is sourced from reputable institutions such as the World Bank and Trading Economics. Theoretical framework: The importance of this study holds great significance as it aims to examine the link between monetary policy and the growth of the economy, a topic that has been the subject of extensive theoretical and policy discussions among economists over a significant period. Given the current economic conditions characterized by slow growth and concerns about potential deflation, as well as perceived constraints on economic policies, there is heightened interest in understanding this relationship. Consequently, the debate surrounding this issue has occasionally become intense and contentious. Design/Methodology/Approach: The Methodology plays a crucial role in scientific research as it provides researchers with a framework to follow in order to achieve objective and reliable results. The choice of methodology may vary depending on the academic discipline, with each approach having its own unique characteristics and functions that are utilized by researchers in their respective fields of specialization. In the context of this particular study, a descriptive approach was adopted for the theoretical aspect, while an analytical approach was employed for the practical aspect. By collecting macroeconomic indicators as time series data from 2008 to 2022, the study aimed to investigate the interconnection implementation of monetary policy and the growth of the economy. To examine the stability of the variables, unit root tests were employed, and the data utilized in the study was obtained from reliable sources such as the World Bank and Trading Economics. Findings: The result of this analysis reveals significant findings regarding the influence of various factors on economic growth from 2008 to 2022. The findings reveal a statistically significant negative association between the inflation rate and economic growth, with a significance level of 0.05. Based on this finding, the null hypothesis (H0) is rejected in favor of the alternative hypothesis (H1). However, the study determines that the impact of the interest rate on economic growth is not statistically significant at the 0.05 significance level. Consequently, the null hypothesis (H0) is accepted, and the alternative hypothesis (H1) is rejected. Finally, the analysis reveals a statistically significant positive relationship between money supply and economic growth, with a significance level of 0.05. As a result, the study rejects the null hypothesis (H0) and supports the alternative hypothesis (H1). These findings offer valuable insights into the connection between monetary policy and economic growth within the specified timeframe. The study highlights the need for further comprehensive research on the factors influencing the growth of the Jordanian economy. Specifically, it emphasizes the importance of investigating various indicators of monetary policy and their effects on economic growth in Jordan. It is recommended to consider inflation rate policies and implement economic reform measures to mitigate the adverse impacts of inflation on economic growth in the country. Furthermore, careful attention should be given to money supply and the policies implemented by relevant institutions, particularly regarding the circulation of money, due to its positive influence on economic growth. Research, practical & social implications: The aims of this study is to examine the interplay between various monetary policy instruments and the dynamics of economic growth, with a specific focus on the context of Jordan. The objective of this study is to assess the influence of monetary policy on economic growth through the utilization of the statistical technique of least squares regression. Accurate results are obtained using EViews, a widely recognized statistical program. The data for this study is sourced from reputable institutions such as the World Bank and Trading Economics.

“…The fluctuations in oil prices pose a significant challenge for oil-exporting countries, as they heavily rely on oil revenues to fund public expenditure. This instability can cause a disruption in fiscal policy tools and hinder economic growth and stability (Al-kasasbeh et al, 2022). The weak capacity of rentier economies has resulted in a regular mismatch between funding sources and growth targets, leading to a large percentage of oil revenues from crude oil-exporting countries being spent abroad.…”

Section: Introductionmentioning

confidence: 99%

The Impact of Oil Price Volatility on Economic Growth and Stability in Iraq through the Public Expenditure for the Period (2003-2020)

Rasheed

2023

Purpose: The purpose of the research is to analyze fluctuations in global oil prices and identify the factors that control them. The study aims to clarify the nature and characteristics of the international oil market, as well as the relationship between oil, public expenditure, and the economy in rentier countries. The research seeks to provide insights into the economic effects of the dominance of the oil resource and track the trends of oil, public expenditure, economic growth, and development in Iraq. Additionally, the study aims to evaluate the extent to which the fiscal policies pursued by oil rent countries are serving their goals, and to recommend ways to ensure the rationalization of public expenditure and real economic growth in these countries. Theoretical framework: the research is based on several economic theories related to the international oil market and rentier economies. The study uses theories such as supply and demand, rentier state, Dutch disease, and public choice theory to analyze the economic effects of oil revenues in rentier countries, the factors that control the international oil market, and the behavior of governments and policymakers in allocating public funds. Design/methodology/approach: The study adopted the induction method to achieve the objectives of the research and get the intended results by analyzing the data and statistical tables of the sample country. Findings: The research findings suggest that oil rents lead to inefficiency, increased centralization of power, and patterns of public expenditure that decrease efficiency. Rentier economies face challenges in diversifying and reducing their dependence on oil exports. Adherence to budgets and developing transparent and flexible principles is crucial for real economic growth in rentier economies. Effective management of oil revenues and public expenditure is essential for sustainable economic growth in these economies. Research, Practical & Social implications: The research has practical implications for policymakers, emphasizing the need for effective management of oil revenues and public expenditure for sustainable economic growth. Social implications relate to the impact of oil revenues on society, highlighting the need for improved living standards and reduced poverty. Originality/value: The research is valuable as it provides original insights into the economic effects of oil rents and highlights the challenges faced by policymakers in managing rentier economies. The study's emphasis on effective management of oil revenues and public expenditure and the development of transparent and flexible principles adds value to the literature. The research provides valuable insights into the international oil market and emphasizes the importance of sustainable economic growth.