The Impact of Some Economic Factors on Imports in Jordan

Abstract

The purpose of this paper is to build a multiple linear econometrics model which reveals impact of some important economic factors on Jordanian imports. Different models have been modified to get the best model in estimating and predicting imports. The major findings of the paper were that imports in Jordan are dominated by Consumer Price Index (CPI), Remittance (REM), Relative Prices RP) and Exchange Rate(ER) respectively. ER has a small coefficient compared to other predictors. CPI actually contributes more to the model because it has a larger standardized coefficient.