Al-Balqa Journal for Research and Studies

Published by: Deanship of Scientific Research, Al-Ahliyya Amman University

ISSN (Print Version): 1684-0615, ISSN (Online Version): 2616-2814

Open Access Journal

The Construction Sector in Jordanian Economy(1968-1993)


Volume 4, Issue No 1, 1996

Pages: 159 - 184

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Abstract

The purpose of this study is to measure the production function in the construction sector, determine its sources of growth, estimate the marginal rate of technical substitution (MRTS), and assess its annual real growth of output. ratios were used to measure the contribution of this sector in the economy of Jourdan, and labor market. Averages were used to measure growth on output, employment, and capital. The ordinary least square(OLS), method was used to estimate production function> ad the (MRTS). The result also show that more capital intensive technology is used in the construction sector, a main factor on output growth. The extent to which the sector was affected by the change of economical, political, and demographical factors in Jourdan and the surrounded areas during last decades is reflected. The author expects a positive influence for the peace process in the middle east on construction sector: increasing investment opportunities, demand of labor, and growth of output. These effects may happen because the construction sector has to implement project (such as : tourism, telecommunication, etc.) a major goal of the peace treaties.



Keywords

Construction Sector-Jordan-Economy.


Subjects


Citation

  (1996).

  The Construction Sector in Jordanian Economy(1968-1993).

  Al-Balqa Journal for Research and Studies,

  4

(1),

  159-

184.