Financial development and productive inefficiency: a robust conditional directional distance function approach

Mallick, Sushanta and Matousek, Roman and Tzeremes, Nickolaos G. (2016) Financial development and productive inefficiency: a robust conditional directional distance function approach. Economics Letters, 145 . pp. 196-201. ISSN 0165-1765

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Abstract

This paper examines whether the level of financial development helps lower countries’ inefficiency using time-dependent robust conditional directional distance functions in a sample of 91 countries over 1970–2011. The overall results reveal that the effect of financial development on countries’ productive inefficiency is highly nonlinear, and depends on countries’ income levels, suggesting that higher levels of financial development are enhancing more countries’ catching-up ability rather than their technological change.

Item Type: Article
RIS ID: https://nottingham-repository.worktribe.com/output/975562
Keywords: Financial development; Technological change; Technological catch-up; Productive inefficiencies; Robust directional distance functions
Schools/Departments: University of Nottingham, UK > Faculty of Social Sciences > Nottingham University Business School
Identification Number: https://doi.org/10.1016/j.econlet.2016.06.019
Depositing User: Eprints, Support
Date Deposited: 09 May 2018 13:20
Last Modified: 04 May 2020 20:01
URI: http://eprints.nottingham.ac.uk/id/eprint/51663

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