The Impact of the Capital and Financial Account Balance on Jordanian Export Price Index (2000-2014)

Abstract

Standard figures have a role in the assessment of changes in the prices of commodities, as well as the figures of agricultural and industrial production and exports. A standard figure can be defined as a statistical figure which is used in measuring the relative change in the prices or quantities of a certain phenomenon from one time to another, or from one place to another. Standard figures are used in statistical applications in research, in which the various conditions of the different countries are evaluated through the study of the several variables in the future. This study aims at exploring the nature financial and capital accounts at the central bank of Jordan, as well as identifying their effects on the standard figure of the prices of Jordanian exports for the period (2000-2014), by employing the SPSS software and the t-test. The results of the study showed the existence of a positive correlation (α =0.05) between the financial account and the standard figure of the prices of Jordanian exports for the period (2000-2014) , which applies also to the capital account and its correlation to the standard figure of the prices of Jordanian exports for the period (2000-2014). The value of the total correlation coefficient was (0.744) , and the variable of the financial account has an effect and a high predictable power concerning the standard figure of the prices of Jordanian exports for the period (20002014), and the absence of an effect and a predictable power for the financial account on the standard figure of the prices of the Jordanian exports for the period (2000-2014)>