The Effect of Energy Consumption on Economic Growth in Jordan
Journal Title: International Journal of Academic Research in Accounting, Finance and Management Sciences - Year 2018, Vol 8, Issue 2
Abstract
This study examined the effect of energy consumption represented by electric and oil energy on economic growth in Jordan for the period of time (1992-2016). The study used the multiple linear regression model to test the hypothesis of the study. The study concluded that the energy consumption in general has a statistically significant effect on economic growth in Jordan, and the study found that the consumption of electric power has a positive and statistically significant impact on economic growth in Jordan, i.e., the increase in consumption of electric power by 1% leads to an increase in economic growth by 1.870686% .The results also showed that oil consumption has a positive and statistically significant impact on the economic growth in Jordan, where the increase of 1% of oil consumption leads to an increase in economic growth by 1.969848%. The study reached a number of recommendations, the most important of which is increasing interest in the energy sector by investing in it and using the best technologies to maintain the positive energy effect on economic growth and work to improve it.
Authors and Affiliations
Muath Al-Khawaldeh, Ali Mustafa Al-Qudah
Keywords
Related Articles
- EP ID EP364814
- DOI 10.6007/IJARAFMS/v8-i2/3782
- Views 82
- Downloads 0
The Survey up Effect of Job Satisfaction on Organizational Citizenship Behaviors of Employees in Public Banks
This study aimed to evaluate the impact of job satisfaction on organizational citizenship behaviors of employees in public banks. For this study, we were looking for answers to these questions: What are the organizationa...
The Relationship between Mobbing the Academics are exposed to and the Organizational Commitment: A Study in the public and private universities
The aim of this study is to determine the level of impact of mobbing academics are subjected to, on organizational commitment. It was attempted to implement the research on academics working in the public and private uni...
Causal Relationship between Liquidity and Profitability of Nigerian Deposit Money Banks
The aim of this paper is to examine the existence and direction of causality between liquidity and profitability of deposit money banks in Nigeria. Fifteen quoted banks out of the existing nineteen banks were selected fo...
Psychology of Communication – Between Myth and Reality
Communication is a transaction in which man invents and assigns meanings to achieve its objectives. In this context, psychological theories of communication emphasize different components of human communication, includin...
Measuring Excess Cash Balance and Studying its Relationship with Stock Return in Companies Accepted in Tehran Stock Exchange