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An-Najah University Journal for Research - B (Humanities)

DOI

10.35552/0247.37.12.2125

Abstract

This paper aims to study the performance of the construction sector in Jordan and to investigate the most important factors affecting the growth of the sector, during the period from 1985 to 2018. The study overviews the development of the sector by dividing the study period into three sub-periods that reflect the extent to which the sector is affected by the volatile political, economic, and demographic conditions. Moreover, the study applies Auto Regressive Distributed Lag Model (ARDL) to estimate the impact of some economic variables on the growth of the construction sector in the long run and short run. The results show that there is a direct and positive statistically significant relationship between the bank credit facilities to the construction sector and the number of employees in the construction sector on the growth of the construction sector in the long run and short run, while the real interest rate has insignificant impact on the growth of the construction sector in the long run and short run. The study provides some recommendations, the most prominent of which is the inclusion of the construction sector in the development plans, encouraging and qualifying young people to work in the construction sector, which will be reflected positively on the growth of the sector.

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