“Economic Sciences: theory and practice” is scientific, refereed, biannual journal. The Journal of “Economic Sciences: theory and practice” has been founded by Azerbaijan State University of Economics in 1994.
The Journal has been received to registration in the centre of international ISSN (International Standard Series Number, ISSN-2220-8739). Also, it has been included by the Supreme attestation Commission under the President of Azerbaijan Republic to the list of scientific publications on economic sciences.
Dr. Hashim Al-Ali, Senior Macroeconomic and Modelling Advisor and Senior Consultant, Ministry of Planning and International Cooperation (MOPIC), Mukhallad Omari, Policies and Strategies Department (PSD), Director, Orouba AlSabbagh, Senior Economist/Research Coordinator, PSD/MOPIC
Abstract. The main objective of this paper is to structure and quantify a simple input-output model, to derive the various sectors forward and backward linkages, and to identify the leading sectors of the Jordanian economy. This is besides, quantify the sectoral import leakages, and hence, identify these activities that have a higher potential for strategic import substitution policy. This paper and its contents considered the first modelling attempt to derive and calculate various sector linkages and import leakages in the economy. That said, such results are of vital important for rational policy making, and for optimal allocation of limited investment resources among various sectors of the economy, to achieve more balanced and sustainable socio-economic development, through time. Furthermore, the paper has derived various sectoral import leakages. This is very significant indicators for putting forward more realistic future import substitution strategies and policies. Such import substitution strategies would be based on these derived import leakages factors and sectoral comparative advantages, amongst others. The empirical solutions of the used models are based on series of input-output tables that have been structured and built for the Jordanian economy as an upper-middle income developing economy. However, the basic fact on setting up this approach, here, was that the series of these used input-output tables, i.e. domestic, total and import tables, are built based, as far as possible, on independent Jordanian data of 2006, together with full use of the existed various Jordanian economic surveys and published data.
Keywords: Input-Output Tables, Techniques, Jordan, Forward and Backward Linkages, Import Leakages, Leading Sectors, Development Strategies, Resources Allocation, Impacts, Analysis.
JEL Classification Codes: 017; R 15