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Trade in Goods and Services and Its Effect on Economic Growth –The Case of Jordan. Applied Econometrics and International Development
The paper aims at empirically investigating the specific growth contribution of the trade in goods and services in Jordan for the period 1980-2014. The model is estimated using the Fully Modified Ordinary Least Squares approach. Among the results, it emerges that trade in goods has a negative effect on GDP in Jordan, whereas trade in services positively affects economic performance.