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Empirical investigation of economic reform program in Jordan
Joint Authors
al-Hasan, Abd Allah
Miriyan, Nadirah
al-Zubi, Khalid Abd al-Al
Source
Mu'tah Lil-Buhuth Wad-Dirasat : Humanities and Social Sciences Series
Issue
Vol. 19, Issue 2 (30 Apr. 2004), pp.9-25, 17 p.
Publisher
Mutah University Deanship of Academic Research
Publication Date
2004-04-30
Country of Publication
Jordan
No. of Pages
17
Main Subjects
Topics
Abstract EN
During the eighties, Jordan witnessed a severe economic condition, a low rate of economic growth, a high rate of inflation, and balance of payments problem.
Consequently, the real per capita income was falling by more than 1.5 % annually during the 1983-1988.
In the light of these dramatic changes, the government was unable to fulfill its financial obligations concerning foreign debt as it ran out of foreign exchange deposits.
In 1989, Jordan adopted an economic reform program by the blessing of the International Monetary Fund (IMF).
The main objective of this study is to evaluate the economic reform program by examining" the performance of the Jordanian economy during the period between 1979 and 1999 with special emphasis on fiscal and monetary policies.
The researchers conducted an empirical analysis of the IMF policy model to determine the potential effectiveness of reform program in stabilizing the economy.
For the years examined, we have found that the monetary policy has the potential to be effective in stabilizing the aggregate demand, while fiscal policy was ineffective in controlling the foreign reserves, or had an influence in lowering the inflation rate.
American Psychological Association (APA)
al-Hasan, Abd Allah& al-Zubi, Khalid Abd al-Al& Miriyan, Nadirah. 2004. Empirical investigation of economic reform program in Jordan. Mu'tah Lil-Buhuth Wad-Dirasat : Humanities and Social Sciences Series،Vol. 19, no. 2, pp.9-25.
https://search.emarefa.net/detail/BIM-296015
Modern Language Association (MLA)
al-Hasan, Abd Allah…[et al.]. Empirical investigation of economic reform program in Jordan. Mu'tah Lil-Buhuth Wad-Dirasat : Humanities and Social Sciences Series Vol. 19, no. 2 (2004), pp.9-25.
https://search.emarefa.net/detail/BIM-296015
American Medical Association (AMA)
al-Hasan, Abd Allah& al-Zubi, Khalid Abd al-Al& Miriyan, Nadirah. Empirical investigation of economic reform program in Jordan. Mu'tah Lil-Buhuth Wad-Dirasat : Humanities and Social Sciences Series. 2004. Vol. 19, no. 2, pp.9-25.
https://search.emarefa.net/detail/BIM-296015
Data Type
Journal Articles
Language
English
Notes
Includes appendices : p. 22-24
Record ID
BIM-296015