Trade Openness, Inclusive Growth, And Inequality: Evidence From Jordan

Arabiyat, Talah S.; Mdanat, Metri F.; Samawi, Ghazi A.

doi:10.1353/jda.2020.0008

Cited by 13 publications

(5 citation statements)

References 38 publications

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“…Insurance investment had a negative relationship with per capita income in the short run and These findings are consistent with previous studies [2]. The results indicate that short run trade openness does not improve per capita income growth and that in the short-run trade openness initially had no effects on per capita income and then starts to be improved in the long-run [33].…”

Section: Test Resultssupporting

confidence: 91%

The Effect of Insurance Activity on per Capita Income in the Southern Mediterranean: An Empirical Analysis Using Jordan as a Case Study

Mdanat¹,

Kasasbeh²,

Abushaikha³

2019

TEL

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This study examines the effects of insurance activity on per capita income in the case of a southern Mediterranean country (Jordan) over the period 1990-2017 using an Autoregressive Distributed Lag (ARDL) cointegration analysis to describe the dynamic long relationship between per capita income and insurance activity. It provides empirical evidence that insurance sector activity, measured by insurance investment, had a negative and significant effect on per capita income in Jordan during the studied period. However, it was also found that the negative effects of insurance sector activity on growth were limited by other economic policies which hamper per capita growth, such as inflation. The study recommends that more diversification of insurance products is necessary and that new markets need to be explored in order for insurance companies in southern Mediterranean countries to compete in international markets. Although there are several agreements between Mediterranean countries, negotiations on minimizing restrictions on insurance company activities could be done through easing procedures, reducing costs and enhancing future economic relations by exploring new economic relations or by building on current protocol and trade agreements. Furthermore, the study notes that policymakers in southern Mediterranean countries must aim for a well-developed insurance sector so that its activity can contribute to economic growth through mobilizing national saving to finance long-term investment projects. More attention should be paid throughout the region to insurance sector activities while conducting financial sector analysis and macroeconomic policy design.

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Section: Test Resultssupporting

confidence: 91%

The Effect of Insurance Activity on per Capita Income in the Southern Mediterranean: An Empirical Analysis Using Jordan as a Case Study

Mdanat¹,

Kasasbeh²,

Abushaikha³

2019

TEL

Self Cite

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“…In this section, we assess the performance, effect, and impact of trade in the inclusion of growth by estimating a structural model for a panel of 33 African countries from 2000-2018. The dependent variable is a measure of inclusive growth developed by [17], which integrates both the pace and distribution of economic growth.…”

Section: Regression and Correlation Resultsmentioning

confidence: 99%

“…However, simultaneously, African nations have encountered noteworthy enhancements in exchange progression. It appears to be that the enormous increases anticipated from opening up to global monetary powers have, until now, been restricted in Africa, particularly for needy individuals [17]. The African Continental Free Trade Agreement (AfCFTA) was signed in March 2018 as an indication of Africa's confidence in the trade as a catalyst for prosperity, job creation, and the elimination of poverty [1].…”

Section: Figure: 1 Simplified Analytical Frameworkmentioning

confidence: 99%

Poverty alleviation through Inclusive Growth in Africa: The dynamic capability of trade

Agbanyo¹,

Lunkamba²

2022

AEMR

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The African continent has experienced sustained growth since 2000, which has led to the "emergence of Africa". However, the continent also ranked second in the world in terms of income inequality, after Latin America. This has raised concerns about the inclusiveness of African growth. The inclusiveness of growth is receiving increased attention in both academic and decision-making circles, with several definitions and means of measurement being proposed, which will tend to reveal a lack of unanimity. This work is made up of two parts. The first assesses the measurement of inclusive growth and the second assesses the relationship and the role of trade in promoting inclusive growth. For this paper, the degree of inclusiveness of African growth was calculated using the unified method of measuring inclusive growth based on 33 African countries over a period of 2000-2018. The findings show a slightly inclusive growth as a result of a rise in economic growth and a slight fall in inequality. The inquiry concerning the function of trade as one of the fundamental supporters of growth presents two ways that commercial exchange can impact inclusive development. 1) An indirect but significant route through GDP. 2) The direct benefits of trade on every social class, without the intervention of GDP growth. The linear regression reports non-significant results, indicating the indirect relationship between GDP growth and inclusive growth. The results imply that in addition to trade, as an important contributor to inclusive growth, there are other parameters like economic policies and development interventions.

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“…Some authors emphasized the positive influence of higher education on inclusive economic growth in developing countries such as Philippines, Bangladesh, and Nigeria (Canlas, 2016: 3, Islam, 2014: 2-3, Oluwadamilola et al, 2018: 4088, Okafor et al, 2016. Furthermore, there are also studies which focus on the positive relationship between high-technology exports, trade openness and economic inclusiveness in emerging economies (Arabiyat et al, 2020: 121, Agarwal, 2012: 1864, Nguyen and Pham, 2020. Regarding the nexus between institutional quality and inclusive growth, Kumah and Sandy (2013: 758) argued that better institutions supported economic inclusiveness in low-income countries.…”

Section: Literature Reviewmentioning

confidence: 99%

Orta Doğu ve Kuzey Afrika'da Kapsayıcı Büyüme: Küresel Finansal Krizden Öncesi ve Sonrası

Guleryuz¹

2021

Anemon Muş Alparslan Üniversitesi Sosyal Bilimler Dergisi

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Bu çalışmada, Küresel Finansal Kriz öncesi ve sonrasında 16 MENA ülkesinde kapsayıcı büyümeyi etkileyen makroekonomik temeller ve yapısal faktörler incelenmiştir. Panel veri sabit etkiler modeli iki zaman diliminde kullanılmaktadır: 1996-2007 ve 2008-2016. Kapsayıcı büyümenin bir ölçüsü, ekonomik büyüme ile gelir eşitsizliğini bütünleştirerek tanımlanmıştır. Bu şekilde, kişi başına düşen GSYH büyüme oranının ve Gini katsayısındaki değişimin göreli etkileri hesaba katılmıştır. MENA bölgesinde çevresel bozulma, makroekonomik istikrar, mali disiplin, küreselleşme, beşeri sermaye, ortalama yaşam süresi ve teknolojik gelişme gibi çok çeşitli faktörlerin kapsayıcı büyüme performansını önemli ölçüde etkilediği görülmektedir.

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Trade Openness, Inclusive Growth, And Inequality: Evidence From Jordan

Cited by 13 publications

References 38 publications

The Effect of Insurance Activity on per Capita Income in the Southern Mediterranean: An Empirical Analysis Using Jordan as a Case Study

The Effect of Insurance Activity on per Capita Income in the Southern Mediterranean: An Empirical Analysis Using Jordan as a Case Study

Poverty alleviation through Inclusive Growth in Africa: The dynamic capability of trade

Orta Doğu ve Kuzey Afrika'da Kapsayıcı Büyüme: Küresel Finansal Krizden Öncesi ve Sonrası

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