Search

The purpose of this study is to develop an understanding of the legal framework for combatting administrative corruption in Jordan and its impact on the Jordanian economy. This paper seeks to answer its key-question which asks whether the existence of a robust legal framework for combatting administrative corruption is able to help to grease the wheels of a slow-moving economy. The study uses 2SLS econometric technique for estimating the relationship between administrative corruption and economic growth. This paper indicates one major conclusion which is the irrevocably annual loss of economic opportunities due to administrative corruption, subsequently, economic progress cannot be achieved without proper administration. The national strategy and the legal frameworks related to anti-corruption are not sufficient enough to grease the wheels for economic growth. Combatting corruption in Jordan is still facing legal and technical obstacles appeared in practice, therefore, more time to surround and prevent corruption is still needed. [ABSTRACT FROM AUTHOR]

This paper presents a comprehensive analysis of key financial indicators influencing the operational efficiency of banks in Jordan over the period 2006 to 2021. The study, focusing on fifteen commercial banks, employs seven regression models to assess the impact of selected variables on bank operating efficiency. Our findings reveal novel insights with substantial contributions to banking practice. We identify a statistically significant influence of both bank-specific factors and temporal effects, demonstrating the nuanced dynamics shaping the operational efficiency of Jordanian banks. Notably, a positive and significant correlation is established between the operating efficiency ratio and return on assets, bank size, and the ratio of loan loss provisions to net interest income, providing valuable strategic guidance for effective management. Conversely, a significant negative relationship is observed between the operating efficiency ratio and the total expense ratio, underscoring the critical importance of careful cost management. No significant associations are found between the operating efficiency ratio and credit risk, the equity-to-asset ratio, the deposit-to-liability ratio, and the equity-to-liability ratio. This study makes a unique contribution by shedding light on these previously unexplored correlations, offering actionable insights for enhancing operational efficiency in the banking sector. Additionally, our research advocates for the Central Bank of Jordan (CBJ) to persist in adaptive policy measures, which are crucial for ongoing banking reforms and improved monitoring practices. Based on our empirical findings, these recommendations aim to fortify the resilience and adaptability of Jordan's banking sector, contributing both academically and practically. Importantly, they reinforce the symbiotic link between a stable banking sector and sustained economic development in Jordan. [ABSTRACT FROM AUTHOR]

This study investigates the impact of micro, small, and medium size enterprises (MSMEs) on economic growth in Jordan, using the number of employees of each size (micro, small, and medium) as a measure of the prevalence of MSMEs. The study is applied to nine economic sectors to examine if the productivity of these MSMEs contribute to Jordanian economic growth measured by the sectoral real GDP per capita growth over the period 1992 to 2015. Using pooled OLS, fixed effect, and random effect methods, the results show micro, small, and medium size enterprises have insignificant impact on the GDP per capita growth. The results are robust to using alternative measure of sectoral economic growth. The results suggest that some obstacles may impede MSMEs to have real impact on Jordanian economy. [ABSTRACT FROM AUTHOR]

This study aimed to demonstrate the impact of small and micro enterprises on economic development in the central region of Jordan. The study was conducted in the central region: the capital, Amman, Zarqa, and Balqa. The study sample is small and micro enterprises in the central region of Jordan. The sample was selected by simple random method. Where the study used the quantitative method, and the study tool was represented by the questionnaire, which was distributed in the governorates (Amman, Zarqa, Balqa) in the middle region in Jordan. Madaba Governorate was excluded due to the Corona pandemic, quarantine conditions and lack of time regarding the distribution of the questionnaire. The results of the analysis of the linear regression variance of the impact of (SMES) combined in (ED) showed that the relationship between the independent and dependent variables follows the linear model as it reached (246.514) at a significance level of (0.000), and depending on the results, the null hypothesis is rejected and the alternative hypothesis accepted, meaning that there are an effect (SMES) on (ED). The results of the study showed that there is a statistically significant impact of (SMES) in their two dimensions, the type of project and the number of workers in (ED), unlike the project's capital, which had no effect on that. The study also recommended the necessity of providing easy and sustainable financing for new and existing small and micro projects, especially income-generating projects as well as employing manpower by increasing the financing volume of these projects, especially in their early stages. [ABSTRACT FROM AUTHOR]

Cultural and creative industries, also known as the Orange Economy, are characterized by both cultural and commercial value and considered as an important engine for economic growth and employment. Notwithstanding the increasing attention by policy makers worldwide, statistics relating to their economic contribution are still lacking and/or outdated. This study aims to provide an operational definition of the Orange Economy and suggest a pragmatic approach for estimating its direct economic impact, based on the latest version of the International Standard Industrial Classification of All Economic Activities (ISIC-4). Applying this methodology to the case of Jordan for the period 2011–2018, it emerges that the Orange Economy has been almost duplicating its value added creation since 2011, to reach 2.4% of GDP in 2018. Further estimations reveal that, in 2018, the Orange Economy employed 3% of the workforce, profiling itself as labor intensive, and therefore, as a potential driver of employment. [ABSTRACT FROM AUTHOR]

This study investigates the actual use of services and accessibility of employment places by rural residents while interacting with their surrounding towns, urban center, and the county rural center. This study reveals the factors contributing to rural–urban dependence in a developing country in terms of services and job utilization. Its pursuit is developing policies for regional sustainability. Therefore, a rural survey was carried out to identify the actual dependence. The study found that rural residents were integrated significantly with the urban center regarding shopping, education, and medical services rather than jobs, with minor interdependencies among rural towns. The continued and mass dependence on the urban center was depleting rural resources creating a rural–urban gap in economic development. The study recommended a development strategy that emphasizes the importance of preserving rural living and jobs. It emphasized the importance of the urban center in providing jobs for the rural people rather than long journeys to obtain services. [ABSTRACT FROM AUTHOR]