149
Views
4
CrossRef citations to date
0
Altmetric
Original Articles

Technical Efficiency and Financial Deepening in the non‐OECD Economies

, &
Pages 353-373 | Published online: 19 Aug 2006

References

  • Acemoglu , D. , Aghion , P. and Zilibotti , F. 2002 . “ Distance to frontier, selection, and economic growth ” . NBER Working Papers Series, No. 9066 Cambridge, MA : National Bureau of Economic Research .
  • Aghion , P. , Bacchetta , P. and Banerjee , A. 2004 . “ Financial development and the instability of open economies ” . NBER Working Paper No. 10246 Cambridge, MA : National Bureau of Economic Research .
  • Aigner , D. J. and Chu , S. F. 1968 . On estimating the industry production function . American Economic Review , 58 : 826 – 839 .
  • Aigner , D. , Lovell , K. and Schmidt , P. 1977 . Formulation and estimation of stochastic frontier production function models . Journal of Econometrics , 6 : 21 – 37 .
  • Arestis , P. , Chortareas , G. and Desli , E. Financial development and productive efficiency: evidence from OECD countries . Presented at the MMF meeting on ‘Efficiency Analysis in Macroeconomics and Finance’, University of Essex . May 20 , UK.
  • Arestis , P. , Demetriades , P. O. and Fattouh , B. 2003 . Financial policies and the aggregate productivity of the capital stock . Eastern Economic Journal , 29 (2) : 217 – 242 .
  • Banker , R. D. , Charnes , A. and Cooper , W. W. 1984 . Some models for estimating technical and scale inefficiencies in data envelopment analysis . Management Science , 30 (4) : 1078 – 1092 .
  • Bauer , P. W. 1990 . Recent developments in the econometric estimation of frontiers . Journal of Econometrics , 46 : 39 – 56 .
  • Beck , T. , Levine , R. and Loayza , N. 2000 . Finance and the sources of growth . Journal of Financial Economics , 58 (2) : 261 – 300 .
  • Benhabib , J. and Spiegel , M. M. 2002 . The role of financial development in growth and investment . Journal of Economic Growth , 5 (4) : 341 – 360 .
  • Bernanke , B. S. , Gertler , M. and Gilchrist , S. 1999 . “ The financial accelerator in a quantitative business cycle framework ” . In Handbook of Macroeconomics , Edited by: Taylor , J. and Woodford , M. Vol. 1 , Amsterdam : North Holland .
  • Charnes , A. , Cooper , W. W. and Rhodes , E. 1978 . Measuring the efficiency of decision making units . European Journal of Operational Research , 2 (3) : 429 – 444 .
  • Charnes , A. , Cooper , W. W. and Rhodes , E. 1981 . Evaluating program and managerial efficiency: an application of data envelopment analysis to program follow thought . Management Science , 27 (6) : 668 – 697 .
  • Debreu , G. 1951 . The coefficient of resource utilization . Econometrica , 19 (2) : 273 – 292 .
  • Farrell , M. J. 1957 . The measurement of productive efficiency . Journal of the Royal Statistical Society, Series A , 120 (3) : 253 – 290 .
  • Greene , W. 1993 . “ Frontier production functions ” . In The Measurement of Productive Efficiency , Edited by: Fried , H. , Lovell , K. and Schmidt , S. New York : Oxford University Press . ch. 2
  • Heston , A. , Summers , R. and Aten , B. 2002 . Penn World Table Version 6.1 , CICUP) : Center for International Comparisons at the University of Pennsylvania . October.
  • Kaminsky , G. L. and Schmukler , S. L. 2002 . “ Short‐run pain, long‐run gain: the effects of financial liberalization ” . In mimeo http://gwu.edu/~graciela; http://worldbank.org/research/bios/schmukler.htm
  • King , R. and Levine , R. 1993a . Finance and growth: Schumpeter might be right . Quarterly Journal of Economics , 108 (4) : 717 – 738 .
  • King , R. and Levine , R. 1993b . Finance, entrepreneurship, and growth . Journal of Monetary Economics , 32 (4) : 513 – 542 .
  • Levine , R. 2004 . “ Finance and growth: theory and evidence ” . NBER Working Paper No. 10766 Cambridge, MA : National Bureau of Economic Research, .
  • Limam , Y. R. and Miller , S. M. 2004 . “ Explaining economic growth: factor accumulation, total factor productivity growth, and production efficiency improvement ” . University of Connecticut . Department of Economics Working Paper Series 2004‐20,
  • Meeusen , W. and Van den Broeck , J. 1977 . Efficiency estimation from Cobb–Douglas production functions with decomposed error . International Economic Review , 18 (2) June : 435 – 444 .
  • Montiel , P. J. 2003 . Macroeconomics in Emerging Markets , Cambridge, MA : Cambridge University Press .
  • Ray , S. 2004 . Data Envelopment Analysis: Theory and Techniques for Economics and Operations Research , Cambridge, UK : Cambridge University Press .
  • Ray , S. and Desli , E. 1997 . Productivity growth, technical progress, and efficiency change in industrialized countries: comment . American Economic Review , 87 (5) : 1033 – 1039 .
  • Richmond , J. 1974 . Estimating the efficiency of production . International Economic Review , 15 (2) June : 515 – 521 .
  • Rioja , F. and Valev , N. 2004a . Finance and the sources of growth at various stages of economic development . Economic Inquiry , 42 (1) : 27 – 40 .
  • Rioja , F. and Valev , N. 2004b . Does one size fit all? A re‐examination of the finance and growth relationship . Journal of Development Economics , 74 (2) : 429 – 447 .
  • Schumpeter , J. 1934 . The Theory of Economic Development , Edited by: Opie , R. Cambridge, MA : Harvard University Press .
  • Stigler , G. J. 1976 . The xistence of x‐efficiency . American Economic Review , 66 (1) : 213 – 216 .
  • World Bank . 2005 . World Development Indicators , Oxford : Oxford University Press .

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.