Analyzing The Impact of Public Debt and Capital Expenditure ‎on Gross Domestic Product (GDP): A Case Study of The Jordanian Economy (2008-2024)‎

Assoc. Prof. Dr. Mahdi Khaleel Shadeed; Asst. Lect. Kareem Obayes Hassan; Assoc. Prof Dr. Abduljasim Abbas Alaallah; Mr. Abbas Khalid Mahan

doi:10.14419/0jhf2t29

Article Details

Analyzing The Impact of Public Debt and Capital Expenditure ‎on Gross Domestic Product (GDP): A Case Study of The Jordanian Economy (2008-2024)‎

Authors:

Assoc. Prof. Dr. Mahdi Khaleel Shadeed | Asst. Lect. Kareem Obayes Hassan | Assoc. Prof Dr. Abduljasim Abbas Alaallah | Mr. Abbas Khalid Mahan

Publisher:

Science Publishing Corporation

Journal:

International Journal of Accounting and Economics Studies Vol.12 Issue 5, pp.637-642

Document Type:

Article

Publication Date:

9/2025

Document Language:

English

Document ID (Org No.):

2001386140

pISSN:

2309-4508

DOI:

10.14419/0jhf2t29

Keywords:

Abstract:

 This study investigates how domestic and external public debt, together with capital expenditure, have shaped the trajectory of Jordan’s ‎gross domestic product (GDP) from 2008 to 2024. Considering Jordan’s ongoing exposure to external shocks and deep-seated structural ‎vulnerabilities, the analysis highlights the pivotal role of fiscal policy in steering macroeconomic outcomes and fostering long-term stability, ‎particularly during periods of pronounced economic volatility.‎
As a relatively small and structurally open economy, Jordan remains highly dependent on imported energy, making it especially susceptible ‎to both domestic and external shocks. Elevated public debt—measured both in absolute terms and as a share of GDP—further amplifies the ‎country’s vulnerability to regional geopolitical and economic instability. Nevertheless, the government has pursued a series of policy ‎reforms designed to improve the effectiveness of public debt management and capital expenditure in supporting sustainable growth.‎
In addition, public debt management and capital expenditure effectiveness are closely linked to government accounting practices and fiscal ‎transparency. Proper classification and monitoring of debt instruments can reduce fiscal risks and support long-term macroeconomic stability.‎
The econometric analysis, conducted using EViews (2009), provides evidence of cointegration among the variables. This indicates that, over ‎time, short-term fluctuations in public debt and capital investment can contribute to correcting long-term imbalances in real GDP.

Article Details

Analyzing The Impact of Public Debt and Capital Expenditure ‎on Gross Domestic Product (GDP): A Case Study of The Jordanian Economy (2008-2024)‎

Authors:

Assoc. Prof. Dr. Mahdi Khaleel Shadeed | Asst. Lect. Kareem Obayes Hassan | Assoc. Prof Dr. Abduljasim Abbas Alaallah | Mr. Abbas Khalid Mahan

Publisher:

Science Publishing Corporation

Journal:

International Journal of Accounting and Economics Studies Vol.12 Issue 5, pp.637-642

Document Type:

Article

Publication Date:

9/2025

Document Language:

English

Document ID (Org No.):

2001386140

pISSN:

2309-4508

DOI:

10.14419/0jhf2t29

Public Debt

Capital Expenditure

Gross Domestic Product (GDP).

Issues

Article Details

Analyzing The Impact of Public Debt and Capital Expenditure ‎on Gross Domestic Product (GDP): A Case Study of The Jordanian Economy (2008-2024)‎

Authors: Assoc. Prof. Dr. Mahdi Khaleel Shadeed | Asst. Lect. Kareem Obayes Hassan | Assoc. Prof Dr. Abduljasim Abbas Alaallah | Mr. Abbas Khalid Mahan

Publisher: Science Publishing Corporation

Journal: International Journal of Accounting and Economics Studies Vol.12 Issue 5, pp.637-642

Document Type: Article

Publication Date: 9/2025

Document Language: English

Document ID (Org No.): 2001386140

pISSN: 2309-4508

DOI: 10.14419/0jhf2t29

Public Debt

Capital Expenditure

Gross Domestic Product (GDP).

Issues

Authors:

Assoc. Prof. Dr. Mahdi Khaleel Shadeed | Asst. Lect. Kareem Obayes Hassan | Assoc. Prof Dr. Abduljasim Abbas Alaallah | Mr. Abbas Khalid Mahan

Publisher:

Science Publishing Corporation

Journal:

International Journal of Accounting and Economics Studies Vol.12 Issue 5, pp.637-642

Document Type:

Article

Publication Date:

9/2025

Document Language:

English

Document ID (Org No.):

2001386140

pISSN:

2309-4508

DOI:

10.14419/0jhf2t29