Economics
ijcrb.webs.com
FEBRUARY 2013
VOL 4, NO 10
INTERDISCIPLINARY JOURNAL OF CONTEMPORARY RESEARCH IN BUSINESS
Impact of inflation and unemployment on Jordanian GDP
Dr Mahmoud Ali Jaradat AL Albayet University
Abstract This paper focus on Impact of inflation and unemployment on Jordanian GDP. Literature is cited relevant to inflation and unemployment. Data analysis is done and concusions are drawn on the basis of discussion. Keywords: Impact ; Inflation ; Unemployment ; Jordanian GDP Introduction Problems of inflation and unemployment are the most important problems that affect the growth of Jordanian economy. in this paper I will present the concept of both inflation and
unemployment in general as stated in previous studies and some economic theories that deal with these problems and their impact on GDP . According to jordan economy profile in mundi index, Jordan’s economy is among the smallest in the Middle East, with insufficient supplies of water, oil, and other natural resources, underlying the government's heavy reliance on foreign assistance. Other economic challenges for the government include chronic high rates of poverty, unemployment, inflation, and a large budget deficit. Since assuming the throne in 1999, King ABDALLAH has implemented significant economic reforms, such as opening the trade regime, privatizing state-owned companies, and eliminating most fuel subsidies, which in the past few years have spurred economic growth by
COPY RIGHT © 2013 Institute of Interdisciplinary Business Research
317
ijcrb.webs.com
FEBRUARY 2013
VOL 4, NO 10
INTERDISCIPLINARY JOURNAL OF CONTEMPORARY RESEARCH IN BUSINESS
attracting foreign investment and creating some jobs. The global economic slowdown, however, has depressed Jordan's GDP growth. Export-oriented sectors such as manufacturing, mining, and the transport of re-exports have been hit the hardest. The Government approved two supplementary budgets in 2010, but sweeping tax cuts planned for 2010 did not
FEBRUARY 2013
VOL 4, NO 10
INTERDISCIPLINARY JOURNAL OF CONTEMPORARY RESEARCH IN BUSINESS
Impact of inflation and unemployment on Jordanian GDP
Dr Mahmoud Ali Jaradat AL Albayet University
Abstract This paper focus on Impact of inflation and unemployment on Jordanian GDP. Literature is cited relevant to inflation and unemployment. Data analysis is done and concusions are drawn on the basis of discussion. Keywords: Impact ; Inflation ; Unemployment ; Jordanian GDP Introduction Problems of inflation and unemployment are the most important problems that affect the growth of Jordanian economy. in this paper I will present the concept of both inflation and
unemployment in general as stated in previous studies and some economic theories that deal with these problems and their impact on GDP . According to jordan economy profile in mundi index, Jordan’s economy is among the smallest in the Middle East, with insufficient supplies of water, oil, and other natural resources, underlying the government's heavy reliance on foreign assistance. Other economic challenges for the government include chronic high rates of poverty, unemployment, inflation, and a large budget deficit. Since assuming the throne in 1999, King ABDALLAH has implemented significant economic reforms, such as opening the trade regime, privatizing state-owned companies, and eliminating most fuel subsidies, which in the past few years have spurred economic growth by
COPY RIGHT © 2013 Institute of Interdisciplinary Business Research
317
ijcrb.webs.com
FEBRUARY 2013
VOL 4, NO 10
INTERDISCIPLINARY JOURNAL OF CONTEMPORARY RESEARCH IN BUSINESS
attracting foreign investment and creating some jobs. The global economic slowdown, however, has depressed Jordan's GDP growth. Export-oriented sectors such as manufacturing, mining, and the transport of re-exports have been hit the hardest. The Government approved two supplementary budgets in 2010, but sweeping tax cuts planned for 2010 did not