عنوان الإطروحه
An Economic Study of Phillips Curve, Case Study Of Jordan 1976-2013
تاريخ مناقشة الاطروحه
2014-06-25
اسم الطالب
صالح احمد الفلاح الحسبان
المشرف
حسين علي الزيود
المشرف المشارك
اعضاء لجنة المناقشة
علي مصطفى القضاة
احمد ابراهيم ملاوي
الكلية
كلية الاقتصاد والعلوم الادارية
القسم
اقتصاد المال والأعمال
الملخص بالعربية
الملخص بالانجليزي
 Inflation and unemployment are two of the most important challenges that face the Jordanian economy of today. The hypothesized Phillips curve trade-off relationship between inflation rate and unemployment rate has played an important role in the decision-making process on macroeconomic policy. This thesis empirically examined the relationship between inflation rate and unemployment rate in order to predict and estimate the existing of Philips curve trade-off relationship within Jordanian economy over the period of time (1976-2013), by employing several descriptive and econometrics methods, using unit root tests, co?integration tests, linear and non-linear ordinary least square regression tests and causality tests, as well as the trends, graphs and charts to analyze the variables under study . The findings of this study are: negative relationship between unemployment and inflation, positive relationship between inflation and GDP , a negative relationship between unemployment and GDP, the lowest limits of inflation and unemployment were estimated to be 3.779% and 11.077% respectively, the elasticity of inflation with respect to unemployment and the elasticity of unemployment with respect to inflation were estimated to be -0.23% and-0.02% respectively, the natural rate of unemployment were calculated to be 3.5% in the period 1976-1988, and 13% in the period 1989-2013, and the causality tests showed an existence of a long-run unidirectional causality relationship between unemployment rate running from inflation to unemployment on Jordanian economy over the period 1976-2013. Therefore, this study provides strong empirical existence of Phillips Curve on Jordanian economy over the period 1976?2013. This trade-off implies that policymakers can target low unemployment or low inflation but not both, thus the policy makers should pay attention to this kind of relationship between these two such important economic variables in applying fiscal and monetary policies in attempts in reducing any of these two variables
رقم ISN
4303
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