Concepts in banking output and the empirical literature on bank productivity--which employs output concepts--are critically surveyed. For output, the national accounts, production, and intermediation approaches are compared. As regards productivity, both partial and total factor productivity measures, and the data envelopment analysis and parametric approaches to the latter are assessed. Among the most striking results is the prevalence of technical inefficiency in banking. It is also suggested that measurement techniques have often outpaced the theory of what is to be measured, notably in fields such as joint production, risk, and competition. Alternative approaches to address these issues are suggested. Copyright 1992 by The editors of the Scandinavian Journal of Economics.
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Volume (Year): 94 (1992) Issue (Month): 0 (Supplement) Pages: S111-29 Download reference. The following formats are available: HTML
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