References
- Adkins , C , Moomaw , R and Savvides , A . 2002 . Institutions, freedom, and technical efficiency . Southern Economic Journal , 69 : 92 – 108 .
- Aigner , D , Lovell , C and Schmidt , P . 1977 . Formulation and estimation of stochastic frontier production function models . Journal of Econometrics , 6 : 21 – 37 .
- Anderson , T and Hsiao , C . 1981 . Estimation of dynamics models with error components . Journal of the American Statistical Association , 76 : 589 – 606 .
- Arellano , M and Bond , S . 1991 . Some tests of specification for panel data: Monte Carlo evidence and an application to employment equations . Review of Economic Studies , 58 : 277 – 97 .
- Arellano , M and Bover , O . 1995 . Another look at the instrumental-variable estimation of error components . Journal of Econometrics , 68 : 29 – 52 .
- Arestis , P , Chortareas , G and Desli , E . 2006 . Financial development and productive efficiency in OECD countries: an exploratory analysis . Manchester School , 74 : 417 – 40 .
- Barro , R and Lee , J . 2000 . International data on educational attainment updates and implications . Oxford Economic Papers , 53 : 541 – 63 .
- Beck , T , Demirgüc-Kunt , A and Levine , R . 2000 . A new database on financial development and structure . World Bank Economic Review , 14 : 597 – 605 .
- Beck , T and Levine , R . 2004 . Stock markets, banks, and growth: panel evidence . Journal of Banking and Finance , 28 : 423 – 42 .
- Blundell , R and Bond , S . 1998 . Initial conditions and moment restrictions in dynamic panel data models . Journal of Econometrics , 87 : 115 – 43 .
- Bonin , JP , Hasan , I and Wachtel , P . 2005 . Bank performance, efficiency and ownership in transition countries . Journal of Banking and Finance , 29 : 31 – 53 .
- Boyd , J and Prescott , E . 1986 . Financial intermediary–coalitions . Journal of Economic Theory , 38 : 211 – 32 .
- Caselli , F . 2005 . “ Accounting for cross-country income differences ” . In Handbook of Economic Growth, Chap. 9, Vol. 1 , Edited by: Aghion , P and Durlauf , S . Vol. 1 , 679 – 741 . Amsterdam : Elsevier .
- Coelli , T . 1996 . A guide to Frontier 4.1: a computer program for stochastic production and cost function estimation , CEPA Working Paper No. 96/07
- De Gregorio , J and Guidotti , P . 1995 . Financial development and economic growth . World Development , 23 : 433 – 48 .
- Dell-Aricia , G and Marquez , R . 2006 . Lending booms and lending standards . Journal of Finance , 61 : 2511 – 46 .
- Delorme , C , Thompson , H and Warren , R . 1999 . Public infrastructure and private productivity: a stochastic-frontier approach . Journal of Macroeconomics , 21 : 563 – 76 .
- Doornik, J. A., Arellano, M. and Bond, S. (1999) Panel data estimation using DPD for Ox, mimeo, University of California. Available at www.doornik.com/download/dpd.pdf (accessed 10 April 2010).
- Easterly , W and Levine , R . 2001 . It's not factor accumulation: stylized facts and growth models . World Bank Economic Review , 15 : 177 – 219 .
- Färe , R , Grosskopf , S , Norris , M and Zhang , Z . 1994 . Productivity growth, technical progress and efficiency changes in industrial countries . American Economic Review , 84 : 66 – 83 .
- Grossman , SJ and Hart , OD . 1982 . “ Corporate financial structure and managerial incentives ” . In The Economics of Information and Uncertainty , Edited by: McCall , J . 123 – 55 . Chicago : University of Chicago Press .
- Hall , R and Jones , C . 1999 . Why do some countries produce so much more output per worker than others? . Quarterly Journal of Economics , 114 : 83 – 116 .
- Hasan , I and Marton , K . 2003 . Development and efficiency of the banking sector in a transitional economy: Hungarian experience . Journal of Banking and Finance , 27 : 2249 – 71 .
- Jensen , M . 1986 . Agency costs of free cash flow, corporate finance, and takeovers . American Economic Review , 76 : 323 – 9 .
- King , R and Levine , R . 1993 . Finance and growth: Schumpeter might be right . Quarterly Journal of Economics , 108 : 717 – 37 .
- Levine , R . 2005 . “ Finance and growth: theory and evidence ” . In Handbook of Economic Growth, Chap. 12, Vol. 1 , Edited by: Aghion , P and Durlauf , S . Vol. 1 , 865 – 934 . Amsterdam : Elsevier .
- Levine , R , Loayza , N and Beck , T . 2000 . Financial intermediation and growth: causality and causes . Journal of Monetary Economics , 46 : 31 – 77 .
- Levine , R and Zervos , S . 1998 . Stock markets, banks, and growth . American Economic Review , 88 : 537 – 58 .
- Méon , P-G and Weill , L . 2005 . Does better governance foster efficiency? An aggregate frontier analysis . Economics of Governance , 6 : 75 – 90 .
- Méon , P-G and Weill , L . 2010 . Does financial intermediation matter for macroeconomic performance? . Economic Modelling , 27 : 296 – 303 .
- Moroney , J and Lovell , C . 1997 . The relative efficiencies of market and planned economies . Southern Economic Journal , 63 : 1084 – 93 .
- Rajan , R . 1994 . Why bank credit policies fluctuate: a theory and some evidence . Quarterly Journal of Economics , 109 : 399 – 442 .
- Ranciere , R and Loayza , N . 2005 . Financial development, financial fragility, and growth , IMF Working Paper No. 05/170
- Rioja , F and Valev , N . 2004 . Does one size fit all? A reexamination of the finance and growth relationship . Journal of Development Economics , 74 : 429 – 47 .
- Weill , L . 2006 . On the consistency of aggregate production frontiers . European Journal of Operational Research , 172 : 326 – 33 .