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The Full Lockdown in Jordan, 2020: The Economic Consequences

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  • Hmood H. Banikhalid

Abstract

The study aimed to show the economic impact of the full lockdown, which was taken by the Jordanian government, represented by the disruption of official institutions, universities, schools, and non-essential economic activities from March 20, 2020, to May 31, 2020. The study’s methodology was represented by comparing the economic indicators in 2020 with the previous years (10 years). Three economic indicators were considered- GDP per capita, unemployment rate, and economic growth. The study concluded that each GDP per capita and economic growth in Jordan decreased after the full lockdown, by an acceptable statistical significance. The unemployment rate in Jordan increased after the full lockdown by an acceptable statistical significance.

Suggested Citation

  • Hmood H. Banikhalid, 2022. "The Full Lockdown in Jordan, 2020: The Economic Consequences," International Business Research, Canadian Center of Science and Education, vol. 15(4), pages 1-46, April.
    • Handle: RePEc:ibn:ibrjnl:v:15:y:2022:i:4:p:46
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    References listed on IDEAS

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    1. Jasper Verschuur & Elco E Koks & Jim W Hall, 2021. "Global economic impacts of COVID-19 lockdown measures stand out in high-frequency shipping data," PLOS ONE, Public Library of Science, vol. 16(4), pages 1-16, April.
    2. Marco Percoco, 2016. "Health Shocks and Human Capital Accumulation: The Case of Spanish Flu in Italian Regions," Regional Studies, Taylor & Francis Journals, vol. 50(9), pages 1496-1508, September.
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    More about this item

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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