TY  - JOUR
T1  - Determinants of Internal Debt: Evidence from Jordan
AU - Al Salamat, Wasfi A. AU - Khrawish, Husni A. AU - Tahtamoni, Abla Al 
JO  - International Business Management
VL  - 11
IS  - 12
SP  - 2034
EP  - 2040
PY  - 2017
DA  - 2001/08/19
SN  - 1993-5250
DO  - ibm.2017.2034.2040
UR  - https://makhillpublications.co/view-article.php?doi=ibm.2017.2034.2040
KW  - Internal debt
KW  -budget deficit
KW  -current expenditure
KW  -capital expenditure
KW  -inflation rate and growth rate
KW  -policies
AB  - This study aims to examine the determinants of internal debt in Jordan over the period from
(1991-2015). This subject was selected because the internal debt increased over the last 10 years about 145%
while the external debt decreased about 75% as well as it considered the first one to be conducted in the context
of Jordan. To achieve the aim of this study it followed a functional model which already employed earlier by
Budina and Fiess, Ribeiro and Sinha. The time series Ordinary Least Squares (OLS) is used for the determinants
testing purposes. The analysis revealed that there are a statistically significant negative relationship between
Internal debt (INT) and the following variables: Budget Deficit (BDF), Current Expenditure (CEP) and Capital
Expenditure (CAP) . The study will be useful for the fiscal and monetary policy for rationalization of fiscal and
monetary policies in order to reduce internal debt as well as it will be useful for monetary and financial
authorities.
ER  -