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|b مصر
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|9 339148
|a Shakatrah, Mamoun Yasien
|e AUTH.
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|a THE IMPACT OF ECONOMIC GROWTH ON CREDIT MARKET DEVELOPMENT IN JORDAN
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|b الجمعية العربية للبحوث الاقتصادية
|c 2011
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|a 33 - 47
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|a بحوث ومقالات
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|b 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.
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| 653 |
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|a التنمية الاقتصادية
|a خدمات البنوك
|a الائتمان
|a الأردن
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| 773 |
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|4 الاقتصاد
|6 Economics
|c 017
|l 053,054
|m مج18, ع53,54
|o 0471
|s مجلة بحوث اقتصادية عربية
|t Arab Economic Research Magazine
|v 018
|x 1110-8274
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| 856 |
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|u 0471-018-053,054-017.pdf
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| 930 |
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|d y
|p y
|q y
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| 995 |
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|a EcoLink
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|c 661496
|d 661496
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