Trade openness and real investment in Jordan an ARDL bound testing approach
Other Title(s)
ARDL الانفتاح التجاري و الاستثمار الحقيقي في الأردن باستخدام نموذج
Joint Authors
al-Assaf, Ghazi Ibrahim
al-Tarawinah, Ala al-Din Awad
Source
Jordan Journal of Economic Sciences
Issue
Vol. 1, Issue 1 (30 Jun. 2014), pp.79-94, 16 p.
Publisher
University of Jordan Deanship of Academic Research (DAR)
Publication Date
2014-06-30
Country of Publication
Jordan
No. of Pages
16
Main Subjects
Topics
- Economic conditions
- Economic development
- International economic integration
- Trade policy
- Investments
- Free trade
- Jordan
- Twenty-first century
Abstract EN
This paper investigates the relationship between trade openness and real investment in Jordan, over the period 1976-2010.
An Autoregressive Distributed Lag (ARDL) approach is employed in order to explore the association between investment and trade openness by estimating an investment function for the Jordanian economy and incorporating trade openness as a determinant of investment.
The Empirical results provide strong evidence on the presence of a long-run stable investment function.
In the short-run, trade openness has a positive and significant effect on real investment; a consistent result with the literature.
Therefore, the results confirm the significant impact of trade openness on real investment found in the previous literature using a cointegration technique.
This finding emphasises the importance of the trade liberalisation effects on real investment especially in the case of Jordan
American Psychological Association (APA)
al-Tarawinah, Ala al-Din Awad& al-Assaf, Ghazi Ibrahim. 2014. Trade openness and real investment in Jordan an ARDL bound testing approach. Jordan Journal of Economic Sciences،Vol. 1, no. 1, pp.79-94.
https://search.emarefa.net/detail/BIM-817196
Modern Language Association (MLA)
al-Tarawinah, Ala al-Din Awad& al-Assaf, Ghazi Ibrahim. Trade openness and real investment in Jordan an ARDL bound testing approach. Jordan Journal of Economic Sciences Vol. 1, no. 1 (2014), pp.79-94.
https://search.emarefa.net/detail/BIM-817196
American Medical Association (AMA)
al-Tarawinah, Ala al-Din Awad& al-Assaf, Ghazi Ibrahim. Trade openness and real investment in Jordan an ARDL bound testing approach. Jordan Journal of Economic Sciences. 2014. Vol. 1, no. 1, pp.79-94.
https://search.emarefa.net/detail/BIM-817196
Data Type
Journal Articles
Language
English
Notes
Record ID
BIM-817196