The Role of Workers’ Remittances in Development of Jordanian Banking Sector

Alaaeddin Al-Tarawneh

doi:doi:10.11648/j.ijber.20160506.16

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The Role of Workers’ Remittances in Development of Jordanian Banking Sector

Alaaeddin Al-Tarawneh

Published in International Journal of Business and Economics Research (Volume 5, Issue 6)

Received: 26 October 2016 Accepted: 7 November 2016 Published: 2 December 2016

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Abstract

This paper examines the impact of workers’ remittances on a key indicator of banking sector development using Jordanian data over the period 1964 to 2013. The results are obtained using cointegration analysis depending on the E-G procedure test within the ECM framework. The study has found evidence of significant positive effects of remittances on the credit to the private to GDP ratio. Any increase in the workers' remittances, increases the level of banking sector development. In addition, a test for asymmetric relationship between variables is implemented, and results show that this relation does not exist.

Published in	International Journal of Business and Economics Research (Volume 5, Issue 6)
DOI	10.11648/j.ijber.20160506.16
Page(s)	227-234
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2016. Published by Science Publishing Group

Keywords

Workers' Remittances, Banking Sector Development, Engle-Granger Procedure, ECM, Asymmetric Cointegration Test

References

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APA Style

Alaaeddin Al-Tarawneh. (2016). The Role of Workers’ Remittances in Development of Jordanian Banking Sector. International Journal of Business and Economics Research, 5(6), 227-234. https://doi.org/10.11648/j.ijber.20160506.16

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ACS Style

Alaaeddin Al-Tarawneh. The Role of Workers’ Remittances in Development of Jordanian Banking Sector. Int. J. Bus. Econ. Res. 2016, 5(6), 227-234. doi: 10.11648/j.ijber.20160506.16

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AMA Style

Alaaeddin Al-Tarawneh. The Role of Workers’ Remittances in Development of Jordanian Banking Sector. Int J Bus Econ Res. 2016;5(6):227-234. doi: 10.11648/j.ijber.20160506.16

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@article{10.11648/j.ijber.20160506.16,
  author = {Alaaeddin Al-Tarawneh},
  title = {The Role of Workers’ Remittances in Development of Jordanian Banking Sector},
  journal = {International Journal of Business and Economics Research},
  volume = {5},
  number = {6},
  pages = {227-234},
  doi = {10.11648/j.ijber.20160506.16},
  url = {https://doi.org/10.11648/j.ijber.20160506.16},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijber.20160506.16},
  abstract = {This paper examines the impact of workers’ remittances on a key indicator of banking sector development using Jordanian data over the period 1964 to 2013. The results are obtained using cointegration analysis depending on the E-G procedure test within the ECM framework. The study has found evidence of significant positive effects of remittances on the credit to the private to GDP ratio. Any increase in the workers' remittances, increases the level of banking sector development. In addition, a test for asymmetric relationship between variables is implemented, and results show that this relation does not exist.},
 year = {2016}
}

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TY  - JOUR
T1  - The Role of Workers’ Remittances in Development of Jordanian Banking Sector
AU  - Alaaeddin Al-Tarawneh
Y1  - 2016/12/02
PY  - 2016
N1  - https://doi.org/10.11648/j.ijber.20160506.16
DO  - 10.11648/j.ijber.20160506.16
T2  - International Journal of Business and Economics Research
JF  - International Journal of Business and Economics Research
JO  - International Journal of Business and Economics Research
SP  - 227
EP  - 234
PB  - Science Publishing Group
SN  - 2328-756X
UR  - https://doi.org/10.11648/j.ijber.20160506.16
AB  - This paper examines the impact of workers’ remittances on a key indicator of banking sector development using Jordanian data over the period 1964 to 2013. The results are obtained using cointegration analysis depending on the E-G procedure test within the ECM framework. The study has found evidence of significant positive effects of remittances on the credit to the private to GDP ratio. Any increase in the workers' remittances, increases the level of banking sector development. In addition, a test for asymmetric relationship between variables is implemented, and results show that this relation does not exist.
VL  - 5
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ER  -

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Author Information

Alaaeddin Al-Tarawneh

Department of Business Economics, The University of Jordan, Amman, Jordan

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Alaaeddin Al-Tarawneh. (2016). The Role of Workers’ Remittances in Development of Jordanian Banking Sector. International Journal of Business and Economics Research, 5(6), 227-234. https://doi.org/10.11648/j.ijber.20160506.16

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ACS Style

Alaaeddin Al-Tarawneh. The Role of Workers’ Remittances in Development of Jordanian Banking Sector. Int. J. Bus. Econ. Res. 2016, 5(6), 227-234. doi: 10.11648/j.ijber.20160506.16

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AMA Style

Alaaeddin Al-Tarawneh. The Role of Workers’ Remittances in Development of Jordanian Banking Sector. Int J Bus Econ Res. 2016;5(6):227-234. doi: 10.11648/j.ijber.20160506.16

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@article{10.11648/j.ijber.20160506.16,
  author = {Alaaeddin Al-Tarawneh},
  title = {The Role of Workers’ Remittances in Development of Jordanian Banking Sector},
  journal = {International Journal of Business and Economics Research},
  volume = {5},
  number = {6},
  pages = {227-234},
  doi = {10.11648/j.ijber.20160506.16},
  url = {https://doi.org/10.11648/j.ijber.20160506.16},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijber.20160506.16},
  abstract = {This paper examines the impact of workers’ remittances on a key indicator of banking sector development using Jordanian data over the period 1964 to 2013. The results are obtained using cointegration analysis depending on the E-G procedure test within the ECM framework. The study has found evidence of significant positive effects of remittances on the credit to the private to GDP ratio. Any increase in the workers' remittances, increases the level of banking sector development. In addition, a test for asymmetric relationship between variables is implemented, and results show that this relation does not exist.},
 year = {2016}
}

Copy | Download

TY  - JOUR
T1  - The Role of Workers’ Remittances in Development of Jordanian Banking Sector
AU  - Alaaeddin Al-Tarawneh
Y1  - 2016/12/02
PY  - 2016
N1  - https://doi.org/10.11648/j.ijber.20160506.16
DO  - 10.11648/j.ijber.20160506.16
T2  - International Journal of Business and Economics Research
JF  - International Journal of Business and Economics Research
JO  - International Journal of Business and Economics Research
SP  - 227
EP  - 234
PB  - Science Publishing Group
SN  - 2328-756X
UR  - https://doi.org/10.11648/j.ijber.20160506.16
AB  - This paper examines the impact of workers’ remittances on a key indicator of banking sector development using Jordanian data over the period 1964 to 2013. The results are obtained using cointegration analysis depending on the E-G procedure test within the ECM framework. The study has found evidence of significant positive effects of remittances on the credit to the private to GDP ratio. Any increase in the workers' remittances, increases the level of banking sector development. In addition, a test for asymmetric relationship between variables is implemented, and results show that this relation does not exist.
VL  - 5
IS  - 6
ER  -

Copy | Download