1
Professor, Department of Economics, Faculty of Social Science and Economics, Alzahra University, Tehran, Iran.
2
Department of Management, ET.C, Islamic Azad University, Tehran, Iran,
10.30465/jnet.2025.50631.2172
Abstract
the present study, using a panel data approach and the generalized moments method, has examined the mutual impact of financial development and economic freedom indicators on total factor productivity in two groups of selected developed and developing science-producing countries during the period 2000-2021. Based on the estimated results, the impact of financial market depth, financial market efficiency, and access to financial markets on total factor productivity in selected developing and developed science-producing countries is positive and significant with different estimated coefficients. Of course, the estimated coefficients obtained for the selected developing countries are larger than those for the selected developed science-producing countries. Also, the interaction effect of economic freedom and the three financial development indicators on total factor productivity in both groups of selected science-producing countries is positive and significant. Of course, their interaction coefficients are larger than their individual effect coefficients. In addition, the effect of domestic research and development indicators and human capital as control variables on total factor productivity in both groups of selected science-producing countries is positive and significant with different statistical coefficients.
Shahabadi, A. and Ahmadi, F. (2025). The Interactive Impact of Financial Market Development and Economic Freedom on Total Factor Productivity. new economy and trad, 20(66), -. doi: 10.30465/jnet.2025.50631.2172
MLA
Shahabadi, A. , and Ahmadi, F. . "The Interactive Impact of Financial Market Development and Economic Freedom on Total Factor Productivity", new economy and trad, 20, 66, 2025, -. doi: 10.30465/jnet.2025.50631.2172
HARVARD
Shahabadi, A., Ahmadi, F. (2025). 'The Interactive Impact of Financial Market Development and Economic Freedom on Total Factor Productivity', new economy and trad, 20(66), pp. -. doi: 10.30465/jnet.2025.50631.2172
CHICAGO
A. Shahabadi and F. Ahmadi, "The Interactive Impact of Financial Market Development and Economic Freedom on Total Factor Productivity," new economy and trad, 20 66 (2025): -, doi: 10.30465/jnet.2025.50631.2172
VANCOUVER
Shahabadi, A., Ahmadi, F. The Interactive Impact of Financial Market Development and Economic Freedom on Total Factor Productivity. new economy and trad, 2025; 20(66): -. doi: 10.30465/jnet.2025.50631.2172
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