Academy of Accounting and Financial Studies Journal (Print ISSN: 1096-3685; Online ISSN: 1528-2635)

Abstract

Measuring the Long-Term Equilibrium Relationship between Physical Capital, Spending On Education, And Economic Growth in Jordan for the Period (1985-2020)

Author(s): A.P.D. Mokheef Jassim Hammad, T. Mohammed Salman Jassim, T. Jamal Hussein Ali

 Production management became an outlet for states; To achieve the desired goals, and given that the field of production has a wide scope to include several functions and techniques related to production in all its forms, and the productivity of production factors represents one of the methods used in evaluating the production process in any economic activity, there are several elements that contribute to production, and the most important of these elements is the element Work and the capital element, the importance of the research lies in the necessity of explaining the role of changes in physical capital and spending on education in changes in the gross domestic product and the important and clear effects these indicators generate on improving the productivity of capital elements, which in turn contributes to economic growth, The research aims to measure the annual changes of both physical capital and spending on education and their impact on changes in GDP. The statistical results concluded that physical capital and spending on education explain about (99%) of changes in GDP in Jordan, and the estimated model Significantly highly, where the value of the calculated amounted to (2695,173), so it is necessary to stand behind the increase in expenditure rates on education and increase the material capital in order to increase productivity and thus increase the GDP.

Get the App