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The Impact of Technological Development on Jordanian Industrial Sector

机译:技术发展对约旦工业部门的影响

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The technological advancement being considered as an essential core of economic development, whereby the introduction of new technology will not only reduce production costs, but could also lead to increasing the efficiency of production processes. Jordan is one of those countries that had made substantial progress in implementing new technology in various sectors, which reflected in a positive way on the Jordanian economy. This study aims to identify the effects of technological development on the industrial sector in Jordan during the period (1990-2014), and its role in the development and increase in the volume of industrial production in order to achieve self-sufficiency and providing job opportunities for the unemployed. The analysis used the method of Vector Error Correction Model (VECM) in estimating a function of the Cobb Douglas production. The study concluded that technology has a positive impact on the industrial sector in Jordan, and that the technological capital should be more intensive in the long term.
机译:技术进步被视为经济发展的基本核心,采用新技术不仅可以降低生产成本,而且可以提高生产过程的效率。约旦是在各个部门实施新技术方面取得实质性进展的国家之一,这对约旦经济产生了积极的影响。这项研究旨在确定在1990-2014年期间技术发展对约旦工业部门的影响,及其在发展和增加工业生产量中的作用,以实现自给自足并提供就业机会。为失业者。该分析使用矢量误差校正模型(VECM)的方法来估计Cobb Douglas生产的功能。该研究得出的结论是,技术对约旦的工业部门产生了积极影响,从长期来看,技术资本应更加密集。

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