This paper examines the nexus between cost efficiency and economic growth in the Middle East and North Africa region …. We apply a causality analysis between cost efficiency and financial deepening using the Generalized Methods of Moments …' efficiency and the increase of regulation to spur a more stable financial system and foster financial deepening in the future …

economically significant effect of higher mean cost efficiency for economic growth, suggesting that the interaction between better … effects of deepening capital markets are only significant beyond a certain efficiency threshold of approximately 70 percent …

This paper examines the various sources of finance in promoting growth in post-reform China …

efficiency. This paper argues that the actual experience does seem to indicate that, hitherto, the gains in productive efficiency … have more than compensated for the losses in allocative efficiency. This judgement helps to make sense of the Chinese …