WSEAS Transactions on Business and Economics
Print ISSN: 1109-9526, E-ISSN: 2224-2899
Volume 17, 2020
Government Spending as a Tool for Economic Growth in the Economy of Jordan
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Abstract: This paper shows the impact of government spending on Jordan’s economy for the period (2010 – 2019), where government spending and tax revenues as percentages of GDP are explanatory variables and economic growth is the affected variable. This research concentrates on analyzing theoretical and empirical literature reviews of to show the effects of government spending on economic growth and explaining this effect in Jordan for this period using the Autoregressive distributed lag (ARDL) method in Eviews program. This research reports insignificant effects of government spending and tax revenues as percentages of GDP on Jordan’s economy for the period (2010 – 2019). The research concludes with a recommendation that other variables affect the economy apart from government spending and tax revenues as percentages of GDP.
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Keywords: Government Spending, Tax Revenues, Economy of Jordan, Economic Growth, Autoregressive Distributed Lag (ARDL)
Pages: 769-774
DOI: 10.37394/23207.2020.17.75