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The Impact of Public Debt on the Economic Growth of Jordan: An Empirical Study (2000- 2015)

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  • Tawfiq Ahmad Mousa
  • Abdullah M Shawawreh

Abstract

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.Â

Suggested Citation

  • Tawfiq Ahmad Mousa & Abdullah M Shawawreh, 2017. "The Impact of Public Debt on the Economic Growth of Jordan: An Empirical Study (2000- 2015)," Accounting and Finance Research, Sciedu Press, vol. 6(2), pages 114-114, May.
    • Handle: RePEc:jfr:afr111:v:6:y:2017:i:2:p:114
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    References listed on IDEAS

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    1. Benhabib, Jess & Spiegel, Mark M., 1994. "The role of human capital in economic development evidence from aggregate cross-country data," Journal of Monetary Economics, Elsevier, vol. 34(2), pages 143-173, October.
    2. Erdal Karagol, 2002. "The Causality Analysis of External Debt Service and GNP : The Case of Turkey," Central Bank Review, Research and Monetary Policy Department, Central Bank of the Republic of Turkey, vol. 2(1), pages 39-64.
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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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