Financial development and productive inefficiency: a robust conditional directional distance function approach
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’ prod...
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| Format: | Article |
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Elsevier
2016
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| Online Access: | https://eprints.nottingham.ac.uk/51663/ |
| _version_ | 1848798545767825408 |
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| author | Mallick, Sushanta Matousek, Roman Tzeremes, Nickolaos G. |
| author_facet | Mallick, Sushanta Matousek, Roman Tzeremes, Nickolaos G. |
| author_sort | Mallick, Sushanta |
| building | Nottingham Research Data Repository |
| collection | Online Access |
| description | 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. |
| first_indexed | 2025-11-14T20:21:29Z |
| format | Article |
| id | nottingham-51663 |
| institution | University of Nottingham Malaysia Campus |
| institution_category | Local University |
| last_indexed | 2025-11-14T20:21:29Z |
| publishDate | 2016 |
| publisher | Elsevier |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | nottingham-516632020-05-04T20:01:46Z https://eprints.nottingham.ac.uk/51663/ Financial development and productive inefficiency: a robust conditional directional distance function approach Mallick, Sushanta Matousek, Roman Tzeremes, Nickolaos G. 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. Elsevier 2016-08 Article PeerReviewed Mallick, Sushanta, 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 Financial development; Technological change; Technological catch-up; Productive inefficiencies; Robust directional distance functions https://www.sciencedirect.com/science/article/pii/S0165176516302233?via%3Dihub doi:10.1016/j.econlet.2016.06.019 doi:10.1016/j.econlet.2016.06.019 |
| spellingShingle | Financial development; Technological change; Technological catch-up; Productive inefficiencies; Robust directional distance functions Mallick, Sushanta Matousek, Roman Tzeremes, Nickolaos G. Financial development and productive inefficiency: a robust conditional directional distance function approach |
| title | Financial development and productive inefficiency: a robust conditional directional distance function approach |
| title_full | Financial development and productive inefficiency: a robust conditional directional distance function approach |
| title_fullStr | Financial development and productive inefficiency: a robust conditional directional distance function approach |
| title_full_unstemmed | Financial development and productive inefficiency: a robust conditional directional distance function approach |
| title_short | Financial development and productive inefficiency: a robust conditional directional distance function approach |
| title_sort | financial development and productive inefficiency: a robust conditional directional distance function approach |
| topic | Financial development; Technological change; Technological catch-up; Productive inefficiencies; Robust directional distance functions |
| url | https://eprints.nottingham.ac.uk/51663/ https://eprints.nottingham.ac.uk/51663/ https://eprints.nottingham.ac.uk/51663/ |