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Hello,
Now, you ask is directory submission effective, this is reall a broad question and the answer could be yes and theanswer could be no depend on what you really are asking.
Now, are directories effective for delivering traffic to your site? The answe is no, to be honest not many people go to directories to find a site.
Now if you are asking if they are effective in SEO and are effective in building backlinks and increasing ranking then the answer is . Yes. Directories are great source of backlinks and you can gain many links and help increase google ranking.
I hope that this has helped and answer your question.
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