Tzeremes, Nickolaos G. - In: Journal of Risk and Financial Management 11 (2018) 3, pp. 1-13
This paper examines the effect of financial development on countries' production efficiency levels. By applying a … measure 87 countries' production efficiency levels over the period 1970-2014. In order to examine the effect of time and … domestic credit on countries' production efficiency levels, a second-stage nonparametric econometric analysis is performed …