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182941

Crude Oil Fluctuations and Government Expenditure: Jordanian Evidence An Econometric Study During The Period (1990 - 2017)

Article

Last updated: 28 Dec 2024

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Abstract

The developing countries, including Jordan, face challenges and difficulties in adjusting their fiscal policy because there is an increasing demand for public expenditures that determine and justify public revenues. There is a relationship between the fluctuations in oil prices and the volume of public expenditure, which is proven by the standard study, and thus the following problem can be formulated: How much oil price volatility affects the public expenditure policy in Jordan. A Least squares method, Granger-causality tests was used. We find that that oil prices have significant impact on government spending This indicates the importance of variable X in the interpretation of Y and its significance. The study also fined that the oil price rates have a direct impact on government spending in Jordan, and the increase in oil prices by 1% leads to an increase in the general policies of spending in Jordan by 52.20%.

DOI

10.21608/ijmsbe.2020.182941

Keywords

Government expenditure, oil fluctuations, Jordanian

Authors

First Name

Mahmoud

Last Name

Hussein Al-Wadi

MiddleName

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Affiliation

Business Faculty -Middle East University-Amman-Jordan

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Orcid

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Volume

3

Article Issue

2

Related Issue

26411

Issue Date

2020-12-01

Receive Date

2021-07-09

Publish Date

2020-12-01

Page Start

25

Page End

31

Print ISSN

2735-5438

Online ISSN

2735-5446

Link

https://ijmsbe.journals.ekb.eg/article_182941.html

Detail API

https://ijmsbe.journals.ekb.eg/service?article_code=182941

Order

182,941

Type

Original Article

Type Code

1,998

Publication Type

Journal

Publication Title

International Journal of Multidisciplinary Studies on Management, Business, and Economy

Publication Link

https://ijmsbe.journals.ekb.eg/

MainTitle

Crude Oil Fluctuations and Government Expenditure: Jordanian Evidence An Econometric Study During The Period (1990 - 2017)

Details

Type

Article

Created At

23 Jan 2023