THE IMPACT OF ECONOMIC GROWTH ON CREDIT MARKET DEVELOPMENT IN JORDAN
| المصدر: | مجلة بحوث اقتصادية عربية |
|---|---|
| الناشر: | الجمعية العربية للبحوث الاقتصادية |
| المؤلف الرئيسي: | Shakatrah, Mamoun Yasien (AUTH.) |
| المجلد/العدد: | مج18, ع53,54 |
| محكمة: | نعم |
| الدولة: |
مصر |
| التاريخ الميلادي: |
2011
|
| الصفحات: | 33 - 47 |
| ISSN: |
1110-8274 |
| رقم MD: | 661496 |
| نوع المحتوى: | بحوث ومقالات |
| قواعد المعلومات: | EcoLink |
| مواضيع: | |
| رابط المحتوى: |
عدد مرات التحميل
16
| المستخلص: |
This study investigated the impact of economic growth on credit market development in Jordan for the period 2000 - 2009, using a Vector Error Correction Model (VECM). This study aimed to investigate the short - run and the long - run relationship among bank lending, gross domestic product and inflation rate applying the Johansen cointegration analysis. For this purpose unit root tests were carried out according to Dicky - Fuller (1979) , and Johansen cointegration analysis was applied to examine whether the variables are cointegrated of the same order , taking into account the maximum eigenvalues and trace statistics tests. Finally, a vector error correction model was selected to investigate the long - run relationship between growth and credit market development. The results suggested that a short - run increase of economic growth per 1% induced an increase of bank lending 0.4% in Jordan, while an increase of inflation rate per 1% induced a relative decrease of bank lending per 0.56% in Jordan. The estimated coefficient of error correction term was statistically significant and had a negative sign, which confirmed that there was not any problem in the long - run equilibrium between the examined variables. The empirical results indicated that economic growth had a positive effect. Bank development was determined by the size of bank lending directed to private sector at times of low inflation rates leading to higher economic growth rates. |
|---|---|
| ISSN: |
1110-8274 |
عناصر مشابهة
-
The Impact of Economic Growth on Credit Market Development in Jordan
بواسطة: شخاترة، مأمون ياسين أحمد منشور: (2011) -
The Analysis of the Impact of Bank Credit on the Economic Growth in Iraq for the Period 2004-2019
بواسطة: Al-Jubouri, Baqer Karji Habib منشور: (2021) -
The Term Structure of Interest Rate and Money Demand in Jordan 1982 - 2008
بواسطة: Shakatrah, Mamoun Yasien منشور: (2010) -
Stock Markets, Banks and Economic Growth : Empirical Evidence From Jordan
بواسطة: أبو محارب، إيمان فرحان عبدالكريم منشور: (2011) -
The Impact of Real Interest Rate, Net Domestic Credit, Government Expenditure on Economic Growth in Egypt from 1976 to 2018
بواسطة: الشافعي، عبدالله سيد مسلم أحمد منشور: (2022)
