scholarly journals The Role of the Jordanian Banking Sector in Economic Development

2017 ◽  
Vol 10 (4) ◽  
pp. 139 ◽  
Author(s):  
Abedalfattah Zuhair Al-abedallat

The aim of this study is to investigate the impact of the Jordanian banking sector on economic development that was measured by the Gross Domestic Product (GDP). It aims to identify the role of the Jordanian banking sector in the support of economic development through the study of the size of the credit facilities offered by banks.The study relied on descriptive and analytic method, as well as on field study. The population of this study represents the working banks in Jordan, which offers various banking services to the customers. The tool of the study include data of credit facilities, banking deposits for Jordanian banking sector, and gross domestic product that were collected from the annual financial status of Jordanian Central Bank for the period (2000- 2015).The study found that there is a significant statistical impact of the factors (the deposits of the banking sector, Credit facilities) on Gross Domestic Product (GDP). The study rejected the null hypothesis and accepted the alternative hypothesis for the two hypotheses. Also, the study recommended that the Jordanian banking sector should expand in the granting of credit facilities to all economic sectors.

Author(s):  
E.V. Kutyashova ◽  
O.E. Danilin

The article is devoted to the peculiarities of the economic development of oil-producing countries, the impact of tourism on the economy of energy exporting countries and the formation of gross domestic product. The high dependence of oil-producing countries on the export of raw materials, fluctuations in the world oil market and awareness of the limited resources require a policy of diversification of national economies. Overcoming the dependence of the economy on a narrow range of economic activities, countries choose rapidly developing economic sectors that provide investment inflows, high export earnings and job creation. One such sector is tourism and travel. Within the framework of the study, countries with a high degree of dependence on energy exports were identified and grouped according to the level of economic development. To identify the role of tourism in the formation of the gross domestic product and the development of oil-producing countries, the average growth rates of the gross domestic product, the contribution of tourism to GDP, and investment in tourism were calculated for the period from 2010 to 2019. The countries that have chosen tourism as the direction of economic diversification are highlighted. An assessment of the impact of tourism on the rates of development of national economies of oil-producing countries is given.


2020 ◽  
Vol 31 (2) ◽  
pp. 211-220
Author(s):  
Emília Krajňáková ◽  
Vaida Pilinkienė ◽  
Patrik Bulko

The scope of the data presented in this study offers a comprehensive view of the issue of the HEI graduates employability in the Czech Republic and also in the Slovak Republic – related to determinants of economic development and their impact on them. This paper examines the impact of gross domestic product, gross domestic expenditure on research and experimental development by only higher education sector and foreign direct investment on HEI graduates employability. The results indicate that correlation between unemployment of tertiary educated Slovaks and GDP, GERD and FDI values was very big. Correlation relationship of similar determinants, except determinant GERD in conditions of the Czech Republic was characterized as weak. On the other hand, significantly stronger (very big to perfect) correlation affecting employment of tertiary educated Czechs regarding to indicators of gross domestic product, gross domestic expenditure on research and experimental development by sector of higher education and foreign direct investments as well. In conditions of the Slovak Republic, correlation relationship between employment of tertiary educated Slovaks and GDP was almost perfect.


2021 ◽  
Vol 1 (3) ◽  
pp. 555-571
Author(s):  
Aida Azmi Nabila ◽  
Endang Hatma Juniwati ◽  
Fifi Afiyanti Tripuspitorini

Islamic banking has a role to encourage economic development and enhance economic growth. One way to do this is by allocating Islamic banking financing funds to all economic sectors or industrials in Indonesia. There is a mismatch between the growth statistics of financing distribution to Gross Domestic Product based on industrials consisting of seven industrial. This istudy iaims ito idetermine iwhether ior inot ithere iis ia  relationship, iconstribution, and the effect iof ifinancing ichanneled on Indonesia's Gross Domestic Product. The isample iin ithis istudy was determined using ipurposive isampling. iThis iresearch imethod iis ia idescriptive imethod iwith ia iquantitative iapproach. iThe iresults iof  the model test of the effect of BUS and UUS financing on Indonesia’s Gross Dometic Product based on the industrial in 2012-2019 show that not all financing has a relationship, constribution, and the effect to Indonesia’s Gross Domestic Product based on the industrial.


2019 ◽  
Vol 11 (17) ◽  
pp. 4649 ◽  
Author(s):  
Yasin ◽  
Porcu ◽  
Liébana-Cabanillas

The purpose of this study is to assess the antecedent role of brand experience (BE) in the intention to forward online company-generated content (CGC) within an online Islamic banking sector. The present study analyzed 387 valid responses collected through an online survey conducted among a number of online Islamic bank customers in Palestine. The results of this study revealed that BE has a stronger influence on customers’ intention to forward online company-generated contents. This research pioneers the empirical research in Palestinian Islamic banking systems exploring the instrumental role of BE on customers’ engagement behaviors, as well as the intention to forward online CGC. In addition, this research aims to fill the existing gap in the under-researched area of the online branding of Islamic banking services.


Author(s):  
Inna Aleksieienko ◽  
Svitlana Leliuk ◽  
Olga Poltinina

Economic issues of the state's development at the present stage, largely depend on the development of the financial sphere. That is dictated by the reduction of the role of the real sector in the economy of the development of the state. Based on the experience of developed countries, we can state that the functioning of the effective banking system is the lever of development of the country's economy. The modern Ukrainian economy still cannot demonstrate the adequacy of the development of the financial market. The banking sector is most effective in this area. The issue of regulating the adequacy of bank capital is also relevant for the Ukrainian economy. The solution of this issue, to a certain extent, is embedded in the process of Ukraine's implementation of international standards for regulating the activities of banks. In this direction, the NBU has developed a program of measures to update regulatory requirements for banks. The paper argues the feasibility of a bank-centric financial market model for Ukraine. An analysis of the dynamics of the formation of bank capital has been carried out. The indicators of its sufficiency are considered separately. The results of the analysis of the compliance of Ukrainian banks with international liquidity standards are presented. Analysis of banks' capital security, dynamics of its absolute values with the rate of formation of gross domestic product was carried out. The bank's capital adequacy indicators are used as criteria for assessing their stability. The methodology used to assess the relationship between banks' equity and gross domestic product through sensitivity ratio (β). The level of communication between the indicators was determined by the value of the correlation ratio. Separately, an analysis of the impact of banks' equity on the level of gross domestic product for individual periods was carried out. The purpose of this analysis is to find out the peculiarities of banks' activities. As a result, it was proved that there is a connection between the indicator of the level of banks' equity capital and the gross domestic product. Additionally, the article describes the problems that hinder the development of the financial market in Ukraine. Government support for the banking sector is the basis for its development.


Author(s):  
Yun D Starchenko

The Economic Monitor offers an overview of key economic trends and policies over the preceding six months and discusses conclusions from recent World Bank work on Iraq, putting them in a longer-term and global sense and evaluating the impact of these developments and other policy adjustments Iraq's outlook. The macroeconomy, capital markets, and indices of human health and growth are all included. It is aimed at a broad range of people, like policymakers, industry executives, stock market players, and Iraq's analysts and practitioners. The research problem was represented by the fact that the Iraqi economy is single-source due to its dependence on the crude oil sector, which constitutes more than (60%) of the gross domestic product. Crude oil revenues constitute more than (90%) and neglect other economic sectors such as agriculture, industry, and tourism, whose percentage did not exceed (30%) of the gross domestic product. The weakness of non-oil exports in the foreign trade sector is the failure of macroeconomic policies to diversify the Iraqi economy. The research aims to achieve many goals, the most important of which are: identifying the concept and indicators of diversification. As well as an analysis of the Iraqi economic structure during the period (2008-2019). A forward-looking vision for economic diversification in Iraq.


2020 ◽  
Author(s):  
Sasho Arsov

Economic theory predicts that the development of the financial sector should have a positive impact on the overall economic development. Research has predominantly confirmed this expectation, with the remark that at earlier stages of economic development this impact should be higher, while a disproportionate banking sector has detrimental effect on growth through its impact on attracting highly skilled workforce, increased presence of moral hazard and the associated banking crises. This issue has been studied only occasionally in the case of the former socialist economies of Central and Eastern Europe and the former USSR. This paper represents an attempt to analyze the impact of the banking sector and securities markets development on the economic growth of these countries. A sample of 22 countries is assembled, using data from 1995 to 2018 and a panel regression and a GMM technique are used to derive conclusions on the researched topic. The analysis has shown that the banking sector has played a positive role in the economic growth throughout the analyzed period, while the role of the stock market is not significant. This is in line with the previous studies which have confirmed that the positive role of the securities markets should be expected only at higher levels of economic development. Also, the impact of the overall financial sector is deemed to be positive.


2018 ◽  
Vol 13 (22) ◽  
pp. 151
Author(s):  
Брано Маркић ◽  
Сања Бијакшић ◽  
Арнела Беванда

Резиме: Рад је истраживање и емпиријска верификација закона Ницхолас Калдора о утицају индустријске производње на раст бруто друштвеног производа. Калдор је формулисао принципе економског раста у облику три закона који настоје утврдити кључне узроке економског раста. Први његов закон тврди да је стопа раста привреде позитивно корелирана са стопом раста њезина производног сектора. Индустрија као најважнија снага развоја привреде се поодавно анализира у литератури о привредном развоју: Hirschman (1961), Rosenstein-Rodan (1943), Th irnjall (2013), Cornnjall (1977). Циљ рада је емпиријски провјерити Калдоров приступ расту и развоју у Федерацији Босне и Херцеговине. Стога је обликован посебан скуп података кога чине дводимензионалне табеле и временске серије. Регресијском анализом је квантификована повезаност између стопа раста бруто друштвеног производа и стопе раста индустријске производње.Summary: The paper the industrialization and the growth of gross domestic product is a research and empirical verification of Nicholas Kaldor laws on the impact of industrial production to GDP growth. Kaldor has formulated the principles of economic growth in the form of three laws that tend to identify key causes of economic growth. His first law asserts that the rate of economic growth is positively correlated with the rate of growth of its manufacturing sector. Industry as the most important force of economic development is widely analyzed in the literature on economic development (Hirschman (1961), Rosenstein-Rodan (1943), Thirwall (2013), Cornwall (1977)). The aim is to empirically test the Kaldor’s approach to growth and development in the Federation of Bosnia and Herzegovina. It is therefore designed a special data set consisting of two-dimensional tables and time series. Using regression analysis was quantified the relationship between the growth rate of gross domestic product and the growth of industrial production. 


2019 ◽  
Vol 31 (1) ◽  
pp. 61-67
Author(s):  
Rwida Kreiw

Regarding the Libyan macroeconomic framework, the petroleum sector returns caused to the government and the need to support civil service job opportunity and preserve the widespread funding system. In 2006, the increasing of the price of the Libyan price oil, around US $63.05, had a significant and positive influence on the Libyan economic situation. The price increased around 65 % compared to the corresponding value in 2004 which was in averaged around US $38.In the same context, the favorable enhancement in the oil sector donated to an observable development in balance of payment surplus, which achieved around 15.4 % of gross domestic product. Also, international reserves improved to be around 19 billion US dollars. Moreover, the Libyan authorities have decreased the bank the percentage of interest rates across the board to enhance the demand in the private sector for credit and established a strategy to update the payment system. All these monetary policies and strategies affect positively on the Libyan macroeconomic and financial situations to be satisfactory in 2004.In 2005, the performance of the macroeconomic stayed comparatively strong. The gross domestic product achieved approximately about 3.5 %. Moreover, the inflation stayed 2.5 %. On the other hand, the economic development is assessed to have been created mainly 4.5 % in the non-oil sectors. In details, the non-oil sectors such as hotels and transportation, construction and services, agriculture and manufacturing sector with respectively values 7%, 5%, 2.5 % and 1.8%. unfortunately, all these sectors showed weak performance recently because of the unstable political situation in the country.Regarding to the banking sectors, according to (Murugiah and Akgam, 2015), Libyan banking sector has realized especially after the issuance of laws. In 2005, this Central Bank of Libya has significant impact on establishing banks and reorganization assets inducing them to look for new investment chances. In our model, the variables Stock Capital, Libyan Oil PriceNumber of population in Libya and dummy variable for the political instability have significant impact on the Libyan gross domestic products at 5% significance level. The heteroscedasticity and autocorrelation tests are checked in the model.Finally, we conclude that increasing (decreasing) the oil and gas prices has a significant influence on the economic development generally in Libya and on the macroeconomic indicators, such as gross domestic product, monetary policy, the unemployment rate, and the inflation rate in the country.


2018 ◽  
pp. 3-15
Author(s):  
Vladilen Gusarov

The socio-economic reasons of conflicts are numerous. Their premises are very different factors of the economic history of the arabic states. Among most important is the unevenness of their economic development both in the colonial and in the postcolonial periods. Until gaining independence the arabic states were on the different levels of the socio-economic development. One may explain this by many reasons of the political, geographic and socio-economic character. The most important among them are the level of development of the capitalism, the geographic proximity of the arabic states to Europe and generally to their metropolises, the military-strategic situation, the presence of the colonies of migrants from metropolises and of the national communities from other European states, the discovery of rich resources of raw materials, the influence of of the neighbouring countries’s cultures on the process of their historic and socio-economic development. As a result of long historical influence of these and many others factors different arabic countries achieved independence, but all of them were backward agrarian countries. Therefore the main differences among them manifested themselves in the degree of the backwardness Not a single arabic country had the developed manufacturing industry, which production would go to export. Some mining and oil enterprises, which were present in some of them belonged mainly to the foreign capital and practically were the heterogeneous formation in the extremely backward agrarian economy with undeveloped production forces. Only in some of these countries the light and food industry was functioning. In other branches of economy small and smallest enterprises predominated, based on personal labour of their owners and their families, who used primitive means of production. The poor possibilities of competition, the low efficiency of production mechanisms, the extreme unevenness of available natural potentials, financial and human resources, in particular skilled labour, as well as the impact of the interstate and military conflicts, the processes of globalization and growth rates of the economic development led the arabic countries to in the beginning of the new century to very different and even polar results, the main indicator of which is the gross domestic product per capita. The historic experience demonstrates, that the more is the gross domestic product of any country, the bigger state apparatus, including military forces, it may afford and use it actively for its internal as well as foreign policy. For example, arabic state Qatar in 2011 used its military forces for the overthrow of the Kaddafi regime, what led Libya to the state of collapse, and turned it to a conglomerate of several quasi-states, which are connected together by the necessity to produce and to sell oil. If to take the whole period, more than half of the century, of the existence of the arabic countries as independent states , one would hardly find any years during which the peace persisted in their territories. There have been constant military-political conflicts in different parts of the arabic world, as well as between the arabic countries and their afro-asiatic neighbours.


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