Cargando…

A Multi-dimension Sustainability Assessment of the Economic Growth in Jordan Using the Sustainability Window Analysis

This study aims to holistically appraise the economic growth in Jordan over the 2006–2016 period, and to highlight the corrective measures to transition the Jordanian economy to a greener pathway. The Sustainability Window (SuWi) analysis tool was utilized under four scenarios: In scenario 1, gross...

Descripción completa

Detalles Bibliográficos
Autores principales: Hajar, Husam A. Abu, Hajer, Mai A. Abu
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Springer US 2023
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10191818/
http://dx.doi.org/10.1007/s13132-023-01140-z
_version_ 1785043533612187648
author Hajar, Husam A. Abu
Hajer, Mai A. Abu
author_facet Hajar, Husam A. Abu
Hajer, Mai A. Abu
author_sort Hajar, Husam A. Abu
collection PubMed
description This study aims to holistically appraise the economic growth in Jordan over the 2006–2016 period, and to highlight the corrective measures to transition the Jordanian economy to a greener pathway. The Sustainability Window (SuWi) analysis tool was utilized under four scenarios: In scenario 1, gross domestic product (GDP) and greenhouse gas (GHG) per capita were the economic and environmental indicators; and employment, healthy life, and education were the social indicators. Scenarios 2 and 3 were similar to scenario 1 except that the environmental indicator was GHG intensity in scenario 2 and consumption in scenario 3. In scenario 4, GDP per capita was the economic indicator, employment was the social indicator, and GHG per capita, GHG intensity, and consumption were the environmental indicators. The economic growth over the study period satisfied all sustainability criteria except when the education was used as the social indicator. The economic growth was coupled with a decline in GHG intensity, GHG per capita, and consumption values and a rise in employment and healthy life values. The normalized economic indicator value in the final year was 2.568 for scenarios 1, 2, and 3 and 1.610 for scenario 4. Despite the slight growth of employment over the study period, a sharp drop has been witnessed lately which is anticipated to worsen in the coming years. To successfully place the Jordanian economy on a greener pathway, it is key to promote new industries and emerging businesses, stimulate private sector investments, and adopt transparent governance processes and enforcement mechanisms.
format Online
Article
Text
id pubmed-10191818
institution National Center for Biotechnology Information
language English
publishDate 2023
publisher Springer US
record_format MEDLINE/PubMed
spelling pubmed-101918182023-05-19 A Multi-dimension Sustainability Assessment of the Economic Growth in Jordan Using the Sustainability Window Analysis Hajar, Husam A. Abu Hajer, Mai A. Abu J Knowl Econ Article This study aims to holistically appraise the economic growth in Jordan over the 2006–2016 period, and to highlight the corrective measures to transition the Jordanian economy to a greener pathway. The Sustainability Window (SuWi) analysis tool was utilized under four scenarios: In scenario 1, gross domestic product (GDP) and greenhouse gas (GHG) per capita were the economic and environmental indicators; and employment, healthy life, and education were the social indicators. Scenarios 2 and 3 were similar to scenario 1 except that the environmental indicator was GHG intensity in scenario 2 and consumption in scenario 3. In scenario 4, GDP per capita was the economic indicator, employment was the social indicator, and GHG per capita, GHG intensity, and consumption were the environmental indicators. The economic growth over the study period satisfied all sustainability criteria except when the education was used as the social indicator. The economic growth was coupled with a decline in GHG intensity, GHG per capita, and consumption values and a rise in employment and healthy life values. The normalized economic indicator value in the final year was 2.568 for scenarios 1, 2, and 3 and 1.610 for scenario 4. Despite the slight growth of employment over the study period, a sharp drop has been witnessed lately which is anticipated to worsen in the coming years. To successfully place the Jordanian economy on a greener pathway, it is key to promote new industries and emerging businesses, stimulate private sector investments, and adopt transparent governance processes and enforcement mechanisms. Springer US 2023-05-18 /pmc/articles/PMC10191818/ http://dx.doi.org/10.1007/s13132-023-01140-z Text en © The Author(s), under exclusive licence to Springer Science+Business Media, LLC, part of Springer Nature 2023, Springer Nature or its licensor (e.g. a society or other partner) holds exclusive rights to this article under a publishing agreement with the author(s) or other rightsholder(s); author self-archiving of the accepted manuscript version of this article is solely governed by the terms of such publishing agreement and applicable law. This article is made available via the PMC Open Access Subset for unrestricted research re-use and secondary analysis in any form or by any means with acknowledgement of the original source. These permissions are granted for the duration of the World Health Organization (WHO) declaration of COVID-19 as a global pandemic.
spellingShingle Article
Hajar, Husam A. Abu
Hajer, Mai A. Abu
A Multi-dimension Sustainability Assessment of the Economic Growth in Jordan Using the Sustainability Window Analysis
title A Multi-dimension Sustainability Assessment of the Economic Growth in Jordan Using the Sustainability Window Analysis
title_full A Multi-dimension Sustainability Assessment of the Economic Growth in Jordan Using the Sustainability Window Analysis
title_fullStr A Multi-dimension Sustainability Assessment of the Economic Growth in Jordan Using the Sustainability Window Analysis
title_full_unstemmed A Multi-dimension Sustainability Assessment of the Economic Growth in Jordan Using the Sustainability Window Analysis
title_short A Multi-dimension Sustainability Assessment of the Economic Growth in Jordan Using the Sustainability Window Analysis
title_sort multi-dimension sustainability assessment of the economic growth in jordan using the sustainability window analysis
topic Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10191818/
http://dx.doi.org/10.1007/s13132-023-01140-z
work_keys_str_mv AT hajarhusamaabu amultidimensionsustainabilityassessmentoftheeconomicgrowthinjordanusingthesustainabilitywindowanalysis
AT hajermaiaabu amultidimensionsustainabilityassessmentoftheeconomicgrowthinjordanusingthesustainabilitywindowanalysis
AT hajarhusamaabu multidimensionsustainabilityassessmentoftheeconomicgrowthinjordanusingthesustainabilitywindowanalysis
AT hajermaiaabu multidimensionsustainabilityassessmentoftheeconomicgrowthinjordanusingthesustainabilitywindowanalysis