Document Type : Original Article


1 Young Researchers and Elite Club, Ardabil Branch, Islamic Azad University, Ardabil, Iran.

2 Department of Economic and Accounting, Faculty of Literature and Humanities, University of Guilan, Rasht, Iran.

3 Department of Economic, Faculty of Social Sciences, Mohaghegh Ardabili University, Ardabil, Iran.



The service and industry and mining sectors have played a key role in the economy of each country and the financing of these sectors can have an effective impact on the level of value added and employment. Since the financing of credit in Iran is often carried out through the banking system and Bank Sepah is also one of the largest banks in the country, for this purpose, in this study, using the data of Ardabil city during the period of 1365-1401, the effect of Bank Sepah's credit granting on the level of employment in the service sector, industry and mining area of ​​the city has been studied. Based on the results of the estimated equations, the granting of bank credits to the service sector and industry and mining sector in Ardebil has a positive and significant effect on the level of employment in these sectors. In the long run, assuming that other factors are stable, a one percent increases in Bank Sepah's granting credits to the services sector and the industrial and mining sector, employment levels in these sectors increased by 0.09% and 0.05%, respectively. Also, based on the results, other variables such as the physical capital of the city and the level of human capital of the city have a positive and significant effect on the level of employment in the above mentioned areas. 


Main Subjects

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