ISSN: 2225-8329
Open access
The study aims to discuss and analyze the effects of the growth of the information and communications technology (ICT (and the education sectors on the growth of the industrial sector for companies listed on the Amman Stock Exchange during the period of 2005–2019. This study took total assets as an indicator of the sector's growth and the data used relied on the guidance of companies listed in the Amman Financial Market for the variables of the study. The E-views program was used for statistical analysis. The results of the VAR analysis indicated the existence of a reciprocal relationship between the growth of the ICT, the education, and the industrial sectors. The study also conducted a short-term analysis of the response functions and analysis of variance, and found a positive effect of the growth of ICT on the growth of the industrial sector in the short term. In addition, the results of the co-integration analysis through the Johansen test indicated a long-term equilibrium relationship between the growth of the telecom, the education, and the industrial sectors. Moreover, regression analysis based on the results of the vector autoregression model showed a positive statistically significant relationship between the growth of the ICT and the industrial sectors. The analysis also showed the existence of a positive statistically significant relationship between the growth of the education and the industrial sectors. Among the most important recommendations of the study is the need to pay attention and increase spending on the growth of the ICT and the education sectors to increase the growth in the industrial sector and other basic economic sectors to stimulate growth in the country. Foreign and domestic investment in the main sectors of technical and technological education should be increased to allow it to grow significantly and taking care of human resources that lead to the promotion of growth in basic sectors. Attention should be given to the experience of East Asian countries, such as Japan and South Korea in linking education with the application of technological innovation.
Adel, M. A. (2013).The Contribution of Education to the Economic Development Process in Arab Countries, Journal of the Baghdad College of Economic Sciences University, 35, PP 47-66 on line: https://knowledge4all.com/admin/Temp/Files/88844de1-6d87-43a1-8f22-8aa3a106c7e9.pdf
Adekunle, O., & Fatima, A. P. F. (2020). Innovations in Teaching and Learning: Exploring the Perceptions of the Education Sector on the 4th Industrial Revolution (4IR), J. Open Innov. Technol. Mark. Complex. 6(2), 31,pp1-22. doi:10.3390/joitmc6020031 . On line : file:///C:/Users/LENOVO/Downloads/JOItmC-06-00031%20(3).pdf
Aghaei, M., & Rezagholizadeh, M. (2017) .The impact of information and communication technology (ICT) on economic growth in the OIC countries, Economic and Environmental Studies (E&ES),17(2),pp.257-278.On line : https://www.econstor.eu/bitstream/10419/178970/1/ees_17_2_07.pdf
Bousaba, H., & Sari, M.(2016).The Impact of Financial Performance on the Growth of Algerian Private Industrial Companies “An Empirical Study during the Period (2009-2012), Journal of Al-Quds Open University for Research and Studies, 38 (1), p289 .
Chong-S, K., & Min-K, G. H. (2010).Education Policy and Industrial Development: The Cases of Korea and Mexico, JOURNAL OF INTERNATIONAL AND AREA STUDIES , 17( 2), pp.21-30 on line : file:///C:/Users/LENOVO/Downloads/507-1926-1-PB.pdf
Dalia, M. S. (2017). The Impact of Services Sector on the Industrial Sector and Economic Growth in Palestine 2000-2016, Master Thesis, Faculty of Commerce, Islamic University, Gaza.pp1-138. online:https://iugspace.iugaza.edu.ps/bitstream/handle/20.500.12358/16964/file_1.pdf?sequence=1&isAllowed=y
Eric, A. H., & Ludger, W. (2007). The Role of Education Quality in Economic Growth*, World Bank Policy Research Working Paper 4122, Public Disclosure Authorized, WPS4122 , pp 1-80 ,on line : http://documents1.worldbank.org/curated/en/260461468324885735/pdf/wps4122.pdf
Faris, A., Syed, A. J., & Mohamed, E. (2019). The impact of ICT on financial development: Empirical evidence from the Gulf Cooperation Council countries, international Journal of Engineering Business Management . 11,PP 1–14 On line :
https://journals.sagepub.com/doi/pdf/10.1177/1847979019870670
Francis, C. A. (2020). Entrepreneurship Education Curriculum and Framework for Its Implementation in Tertiary Institutions in Nigeria: Implication for Developing Entrepreneurial Mindset of Students, journal of Economics and Sustainable Development, 11(22), pp40-56. On line: file:///C:/Users/LENOVO/Downloads/54803-58624-1-PB.pdf
Maryam, F., Rahmah, I., & Masood, F. (2012). Information and Communication Technology Use and Economic Growth, 7 ( 11 ) on line : www.plosone.org .
Mohun, P., Odit, K. D., & Fauzel, S. (2010). The Impact Of Education On Economic Growth: The Case Of Mauritius, International Business & Economics Research Journal, 9(8).Pp141-152. On line : file:///C:/Users/LENOVO/Downloads/The_Impact_Of_Education_On_Economic_Growth_The_Cas%20(1).pdf.
Nashat, K. Q. A. ( 2017). The Contribution of The ICT Sector In The Economic Development Process Case Study On Palestinian Companies In Gaza, Master Thesis, College of Commerce, Gazapp ,pp1-110. On line : https://iugspace.iugaza.edu.ps/bitstream/handle/20.500.12358/17068/file_1.pdf?sequence=1&isAllowed=y
Pradhan, R. P., Mallik, G., & Tapan, P. B. (2018). Information communication technology (ICT) infrastructure and economic growth: A causality evinced by cross-country panel data. IIMB Management Review , 30, pp91–103 . on line : file:///C:/Users/LENOVO/Downloads/OA%20full%20text.pdf
Raéf, B., & Alaa, A. Q. (2019).Impact of Information and Communication Technology on Economic Growth: Evidence from Developing Countries, Economies Article, 7( 21); doi:10.3390/economies7010021 ,www.mdpi.com/journal/economies,pp1-22. On line file:///C:/Users/LENOVO/Downloads/economies-07-00021.pdf.
Shukiri, N. I. M., & Walid, A. S. (2009). Measuring the efficiency of the Amman Financial Market through the effect of the size of the company on the return and risk, an applied study on a sample of the industrial companies listed in the Amman Stock Exchange. Baghdad College of Economic Sciences, the nineteenth edition on line : https://www.iasj.net/iasj/download/d39969f82d50b7c9
Website
Amman Financial Market online: -https://www.ase.com.jo/ar/history?history_category=65
Al-Rai Newspaper. (2014). Education and Development. website: http://alrai.com/article/683258.htmlarticle/683258.html
Ghada, H. (2020) Industry in Jordan, website https://mawdoo3.com/https://mawdoo3.com
Ministry of Digital Economy, Information Technology in Jordan, website.?https://www.modee.gov.jo/AR/Pages
The World Bank. (2009), The Road Not Traveled Education Reform in the Middle East and North Africa, The International Bank for Reconstruction and Development. website:http://documents1.worldbank.org/curated/en/830221468051869802/pdf/467890ARABIC0T101OFFICIAL0USE0ONLY1.pdf
In-Text Citation: (Alawneh, 2021)
To Cite this Article: Alawneh, A. M. (2021). Analyzing the Effects of the Growth of ICT and the Education Sector on the Growth of the Industrial Sector: A Case Study of Jordan. International Journal of Academic Research in Accounting Finance and Management Sciences, 11(1), 381–406.
Copyright: © 2021 The Author(s)
Published by HRMARS (www.hrmars.com)
This article is published under the Creative Commons Attribution (CC BY 4.0) license. Anyone may reproduce, distribute, translate and create derivative works of this article (for both commercial and non-commercial purposes), subject to full attribution to the original publication and authors. The full terms of this license may be seen at: http://creativecommons.org/licences/by/4.0/legalcode