Valadkhani, Abbas; Moffat, Boitumelo Dudu; Harvie, Charles - 2009
The productivity and efficiency of the financial sector is pivotal to the attainment of economic growth and development … restructuring. This study applies the Malmquist productivity index to measure and decompose the total factor productivity change of …, intermediation and operating approaches. The empirical results indicate a loss or little productivity gain in Botswana's financial …