The Effect of Energy Consumption on Economic Growth in Jordan

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

Influence of Leaders’ Humor Styles on the Employees’ Job Related Affective Well-Being

Humor is a common dimension of human interaction. Therefore, it has an effect on working groups and organizations. The influence of humor on interpersonal relationship and behavior has been considered by various enterpri...

The Effect of Abnormal Operating Cash Flows on Unconditional Conservatism 

This study attempts to find out the relationship between unconditional accounting conservatism and abnormal operating cash flows in Iranian firms. In this paper, unconditional conservatism is measured by Givoly...

Privatization of Tunisian Companies: A Study of Corporate Governance Mechanisms

The purpose of this paper is to examine corporate governance mechanisms applied to a particular form of ownership structure: the privatization. Using, a series of statistical and econometric analysis, we show that privat...

Impact of Working Capital Management on the Performance of the Firms Listed on the Tehran Stock Exchange

The world economy has changed rapidly. The rise of economic and technological variations featured by the incremental global competition has made the directors more accountable in carrying out their operations. Decision m...

Organizational Change: Where Have We Come From and Where Are We Going?

This study was conducted to determine the most studied topics which studied in organizational change management and pave the way the future research in organizational change. For this purpose, first of all, concept of or...

Download PDF file
  • EP ID EP364814
  • DOI 10.6007/IJARAFMS/v8-i2/3782
  • Views 69
  • Downloads 0

How To Cite

Muath Al-Khawaldeh, Ali Mustafa Al-Qudah (2018). The Effect of Energy Consumption on Economic Growth in Jordan. International Journal of Academic Research in Accounting, Finance and Management Sciences, 8(2), 170-177. https://europub.co.uk/articles/-A-364814