scholarly journals The Impact of Fiscal Policy on the Economic Growth of Jordan

2018 ◽  
Vol 10 (10) ◽  
pp. 145
Author(s):  
Abdullah Ali Al-Masaeed ◽  
Evgeny Tsaregorodtsev

The present study examined the impact of fiscal policy measured by (Government expenditure, Government revenues, internal public debt, external public debt) in addition to exports and inflation factors on the Jordanian GDP growth for the period 1990-2010. The study used multiple linear regression and least squares method (OLS) to test the study hypotheses. The study found that government expenditure, exports and government revenues has a positive and significant impact on the Jordanian GDP growth, and negative and significant impact on the Jordanian GDP growth. The study found that external public debt has a negative but not significant impact on the Jordanian GDP growth.

2017 ◽  
Vol 6 (2) ◽  
pp. 114 ◽  
Author(s):  
Tawfiq Ahmad Mousa ◽  
Abudallah. M. LShawareh

In the last two decades, Jordan’s economy has been relied on public debt in order to enhance the economic growth. As such, an understanding  of the dynamics between public debt and economic growth is very important in addressing the obstacles to economic growth. The study investigates the impact of public debt on economic growth using data from 2000 to 2015. The study employs least squares method and regression model to capture the impact of public debt on economic growth. The results of the analysis indicate that there is a negative impact of total public debt, especially the external debt on economic growth. 


1982 ◽  
Vol 58 (5) ◽  
pp. 213-219 ◽  
Author(s):  
Jean Beaulieu ◽  
Yvan J. Hardy

This paper presents a method of analysis which differentiates between spruce budworm caused mortality and regular mortality on balsam fir in the Gatineau region in Quebec. A first attempt was made using multiple linear regression and a uniform random number generator. In order to overcome the bias inherent to the least squares method when dealing with a binary (0,1) dependent variable, a profit analysis was also conducted. In this case, the parameters and their variance were estimated using likehood method. These two approaches proved to be equivalent when percent budworm caused mortality was compared within the 1958 to 1979 period covered by the data at hand, while the outbreak lasted from 1968 to 1975.In 1979, approximately 55% of the stems had been killed by the budworm, accounting for 53% of the volume. Maple-yellow birch associations were more affected than fir associations although no significant difference was found. Fir mortality was delayed by aerial spraying of insecticides but this advantage disappeared as soon as the spray operations came to an end.


2014 ◽  
Vol 8 (2) ◽  
pp. 201-210 ◽  
Author(s):  
AH De Wet ◽  
NJ Schoeman ◽  
SF Koch

The research reported in this paper suggests that government fiscal policy can influence economic growth through alterations in the tax mix and the overall size of government spending.   The authors estimate the impact on economic growth of changes in fiscal policy via government expenditure, direct taxation and indirect taxation.  The results show that economic growth is negatively affected by increases in the size of government, as reflected in its expenditures and direct tax revenues, although significant indirect tax effects are not found.     


2019 ◽  
Vol 4 (2) ◽  
pp. 52
Author(s):  
Ida Soewarni ◽  
Novia Sari ◽  
Endratno Budi Santosa ◽  
Ardiyanto Maksimilianus Gai

Abstrak: Pariwisata merupakan sektor yang mampu meningkatkan pertumbuhan ekonomi masyarakat dengan cepat dalam penyediaan lapangan kerja dan peningkatan penghasilan. Desa Tulungrejo di Kota Wisata Batu, yang merupakan salah satu desa dengan beberapa destinasi wisata yang potensial meningkatkan pertumbuhan ekonomi masyarakat.. Penelitian ini bertujuan untuk mengetahui dampak perkembangan pariwisata terhadap ekonomi masyarakat di Desa Tulungrejo. Metode analisa menggunakan deskriptif kuantitatif, yaitu dengan analisis distribusi frekuensi dan analisis regresi linear berganda untuk mengetahui perkembangan pariwisata, kondisi ekonomi, dan dampak perkembangan pariwisata terhadap kondisi ekonomi masyarakat. Berdasarkan hasil penelitian menunjukan bahwa perkembangan pariwisata di Desa Tulungrejo semakin tahunnya meningkat. Hal ini mempengaruhi pendapatan masyarakat, memiliki pengaruh yang sangat signifikan 95,5% terhadap perekonomi masyarakat di Desa Tulungrejo, hal ini menyatakan bahwa semakin tinggi tingkat wisatawan yang datang ke tempat wisata, maka semakin meningkat pula pendapatan masyarakat, yang  dihitung menggunakan metode regresi linier berganda. Abstract: Tourism is a sector which is able to rapidly increase the community economic growth in providing employment and increasing income. Desa Tulungrejo in Kota Wisata Batu (Batu Tourism City), which is one of the villages with several potential tourism destination to increase the community economic growth. This research aims to determine the impact of tourism development on the community economic condition in Desa Tulungrejo. Descriptive quantitative method was employed to analyze the data using frequency distribution analysis and multiple linear regression analysis to determine the development of tourism, economic conditions, and the impact of the tourism development on the community economic condition. Based on the research results, it was shown that the tourism development in Desa Tulungrejo is increasing annually. This affects the community income which has a very significant influence of 95.5% on the community economic condition in Desa Tulungrejo. In addition, the results of multiple linear regression calculation show that the higher the number of tourists coming to tourist destinations, the higher the income of the community.


Author(s):  
Joanna Stawska

The purpose of this article is to point out the importance of the size of public debt and deficit in the context of Keynesian and non-Keynesian effects of fiscal policy limitation. To achieve this objective primarily were used methods of analysis of the available literature and presentation of statistical data. Considerations include, among others, the presentation of public debt and deficit in the context of economic growth. Expansionary fiscal policy often caused by economic fluctuations contributes to the deepening of public finance imbalance with frequent decline in GDP growth. The restrictive policy has an influence on improving the situation of the public finance sector in the long-term with at least moderate economic growth.


Author(s):  
Mykola Pasichnyi

The research subject includes the theoretical basis and mechanisms of fiscal policy formation and realization as an instrument of economic development regulation. The aim of the study is to improve the theoretical and methodological basis of fiscal policy formation and determine the peculiarities of its impact on economic development. Methods. In order to achieve the appropriate tasks, we used a set of methods and approaches, that helped to ensure the conceptual unity of our investigation. The dialectical, systemic and structural approaches, methods of analysis and synthesis, comparison, generalization,economic and mathematical modeling, scientific abstraction are applied. Results. In this paper, we explored the main instruments of fiscal policy, which affect economic development. The experience of advanced counties in fiscal consolidation and stimulus measures during the Great Recession was systemized. Also, the author investigated the budget deficit impact on real GDP growth in OECD countries over the 1981-2017 period. Practical implications. Fiscal policy and instruments of its implementation. Conclusions. The regulation of the tax burden on labor and capital influences the conjuncture of these factors in the market. Fiscal regulation is one of the determining reasons for the migration of labor and financial capital between different regions and countries. Given the multiplicity of combinations of tax bases and rates, the government has significant potential to impact on investment and consumer demand, and real GDP growth. The impact of budget expenditures on aggregate demand should be examined considering the level (ratio to GDP) and different composition structures. It is vital to raise the weight ratio of productive expenditures in the overall structure, which leads to foster economic growth. Particularly important are the special productive expenditures that are directed towards the development of human capital; which include expenditures on education, health care, physical development, R&D. It is crucial to establish a consistent relationship between public spending and the obtained results to form an effective fiscal policy. The budget should be balanced, which requires the implementation of systematic fiscal consolidation measures, and it has been found that the growth of the budget deficit slows down economic growth. The priority of fiscal policy is to reduce the debt burden.


2018 ◽  
Vol 63 (4) ◽  
pp. 5-14
Author(s):  
Piotr Krajewski ◽  
Piotr Krajewski ◽  
Michał Mackiewicz ◽  
Katarzyna Piłat

The aim of the article is to analyse the impact of expansionary fiscal policy, involving an overall increase in government expenditure, on the condition of the natural environment and, more specifically, on air pollution. The analysis is based on the Real Business Cycle (RBC) model. The results of the simulations indicate that expansionary fiscal policy, contributing to GDP growth, also results in deterioration of air quality. The analysis also shows that in the longer term, the main mechanism by which this policy affects the level of air pollution emission is the accumulation of public capital. Therefore, in order to minimise the negative effects of fiscal expansion on the environment, it is particularly important to invest in pro-ecological public investments.


2020 ◽  
Vol 9 (1) ◽  
pp. 114-130
Author(s):  
Chai-Thing Tan ◽  
Azali Mohamed ◽  
Muzafar Shah Habibullah ◽  
Lee Chin

This article analyses the impact of monetary and fiscal policies on economic growth in Malaysia, Singapore and Thailand from 1980:Q1 to 2017:Q1. Autoregressive distributed lag (ARDL) approach is employed to determine the long-run relationship. Further, a range of econometric models, such as fully modified least squares method (FMOLS), canonical cointegration regression (CCR) and dynamic ordinary least squares method (DOLS), are applied to check the robustness. The results are stable and robust as all the models yield consistency result. The main findings in this study demonstrate that: (a) interest rate had a negative impact on economic growth in three selected countries. (b) Government spending had a negative impact on economic growth in Malaysia and Singapore, but had a positive impact in Thailand. (c) Monetary policy is more effective in Malaysia and Singapore, while fiscal policy is more effective in Thailand. JEL Classification: E52, E58, E62, C01


2021 ◽  
Vol 10 (3) ◽  
pp. 211-222
Author(s):  
Adib Hauzan ◽  
Yulmardi Yulmardi ◽  
Hardiani Hardiani

This study aims to: 1) To analyze the development of economic growth, poverty rate, government spending, Unemployment, local revenue, and human development index (IPM) in Jambi Province 2000-2019, and 2) To analyze the effect of economic growth, poverty rate, government spending, Unemployment and local revenue to the human development index (HDI) in Jambi Province 2000-2019. The research analysis tool uses multiple linear regression analysis tools. The results showed that the tax effectiveness ratio in Merangin Regency from 2004 to 2019 was in the very effective category with an effectiveness ratio of 108.07 percent. Furthermore, based on the results of multiple linear regression that only the poverty level and government expenditure variables have a significant effect on HDI in Jambi Province. Meanwhile, economic growth, Unemployment, and PAD have no considerable effect on HDI in Jambi Province.  Keywords: Economic growth, Poverty rate, Government expenditure, Unemployment


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