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Taghavi, Amir, Zamanian, Gholamreza, Pahlavani, Mosayeb, Bashiri, Sahar. (1404). Investigating the Impact of Credit on Total Factor Productivity and the Growth of Value Added in Iran's Economic Sectors: A Panel ARDL Approach. نشریه علمی دانشگاه سیستان و بلوچستان, 17(1), 189-210. doi: 10.22111/ijbds.2025.51313.2211
Amir Taghavi; Gholamreza Zamanian; Mosayeb Pahlavani; Sahar Bashiri. "Investigating the Impact of Credit on Total Factor Productivity and the Growth of Value Added in Iran's Economic Sectors: A Panel ARDL Approach". نشریه علمی دانشگاه سیستان و بلوچستان, 17, 1, 1404, 189-210. doi: 10.22111/ijbds.2025.51313.2211
Taghavi, Amir, Zamanian, Gholamreza, Pahlavani, Mosayeb, Bashiri, Sahar. (1404). 'Investigating the Impact of Credit on Total Factor Productivity and the Growth of Value Added in Iran's Economic Sectors: A Panel ARDL Approach', نشریه علمی دانشگاه سیستان و بلوچستان, 17(1), pp. 189-210. doi: 10.22111/ijbds.2025.51313.2211
Taghavi, Amir, Zamanian, Gholamreza, Pahlavani, Mosayeb, Bashiri, Sahar. Investigating the Impact of Credit on Total Factor Productivity and the Growth of Value Added in Iran's Economic Sectors: A Panel ARDL Approach. نشریه علمی دانشگاه سیستان و بلوچستان, 1404; 17(1): 189-210. doi: 10.22111/ijbds.2025.51313.2211

Investigating the Impact of Credit on Total Factor Productivity and the Growth of Value Added in Iran's Economic Sectors: A Panel ARDL Approach

International Journal of Business and Development Studies
مقاله 10، دوره 17، شماره 1، خرداد 2025، صفحه 189-210    اصل مقاله (737.58 K)
نوع مقاله: Research Paper
شناسه دیجیتال (DOI): 10.22111/ijbds.2025.51313.2211
نویسندگان
Amir Taghavi1؛ Gholamreza Zamanian* 2؛ Mosayeb Pahlavani3؛ Sahar Bashiri4
1Ph.D. Candidate, Department of Economics, Faculty of Management and Economics, University of Sistan and Baluchestan, Zahedan, Iran
22.Faculty of Economics, University of Sistan and Baluchestan, Zahedan, Iran.,
3Associate Professor, Department of Economics, Faculty of Management and Economics, University of Sistan and Baluchestan, Zahedan, Iran
4Assistant Professor, Department of Accounting, Hazrat Masoumeh University-Qom, Iran
چکیده
A developed financial system, which ensures the provision, allocation, and direction of resources toward productive economic sectors, is one of the key drivers of economic growth and development. On the other hand, given the low efficiency of various economic, productive, and social sectors, attention to total factor productivity (TFP) is fundamental for global competitiveness. Given resource constraints in the economy, improving this factor can enhance investment, optimize resource allocation, prioritize productive sectors, reduce costs, improve product quality, and increase value added in economic sectors. Accordingly, the present study aims to investigate the impact of credit on total factor productivity and the growth of value added in Iran’s economic sectors using the Panel ARDL approach and quarterly time series data from 2012Q1 to 2024Q4 (Persian calendar).

The results indicate that real credit, real exchange rates, and real capital formation in machinery have a positive and direct impact on the growth of value added and total factor productivity in economic sectors. Specifically, credit in the industrial sector and exchange rates in the service sector exert the greatest influence on TFP and the growth of value added. Additionally, capital formation in machinery in the agricultural sector has the most significant impact on total factor productivity.
کلیدواژه‌ها
Monetary Policy؛ Credit؛ Productivity؛ Economic Growth؛ Panel Autoregressive Distributed Lag Model
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