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US banking efficiency, 1984–1995

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  • Kutlu, Levent

Abstract

We estimate the time-varying average efficiencies of the US banks during 1984–1995 with four different efficiency estimators. Using these four series of efficiency estimates, we make a multivariate Kalman filter analysis to examine the efficiency trend in US banks during this period.

Suggested Citation

  • Kutlu, Levent, 2012. "US banking efficiency, 1984–1995," Economics Letters, Elsevier, vol. 117(1), pages 53-56.
    • Handle: RePEc:eee:ecolet:v:117:y:2012:i:1:p:53-56
    DOI: 10.1016/j.econlet.2012.04.042
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    References listed on IDEAS

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    1. Park, Byeong U. & Sickles, Robin C. & Simar, Leopold, 2003. "Semiparametric-efficient estimation of AR(1) panel data models," Journal of Econometrics, Elsevier, vol. 117(2), pages 279-309, December.
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    8. Kutlu, Levent, 2010. "Battese-coelli estimator with endogenous regressors," Economics Letters, Elsevier, vol. 109(2), pages 79-81, November.
    9. Adams, Robert M & Berger, Allen N & Sickles, Robin C, 1999. "Semiparametric Approaches to Stochastic Panel Frontiers with Applications in the Banking Industry," Journal of Business & Economic Statistics, American Statistical Association, vol. 17(3), pages 349-358, July.
    10. COELLI, Tim, 2000. "On the econometric estimation of the distance function representation of a production technology," LIDAM Discussion Papers CORE 2000042, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
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    12. Cornwell, Christopher & Schmidt, Peter & Sickles, Robin C., 1990. "Production frontiers with cross-sectional and time-series variation in efficiency levels," Journal of Econometrics, Elsevier, vol. 46(1-2), pages 185-200.
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    14. Sickles, Robin C., 2005. "Panel estimators and the identification of firm-specific efficiency levels in parametric, semiparametric and nonparametric settings," Journal of Econometrics, Elsevier, vol. 126(2), pages 305-334, June.
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    Citations

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    Cited by:

    1. Levent Kutlu, 2022. "Spatial stochastic frontier model with endogenous weighting matrix," Empirical Economics, Springer, vol. 63(4), pages 1947-1968, October.
    2. Meryem Duygun & Levent Kutlu & Robin C. Sickles, 2016. "Measuring productivity and efficiency: a Kalman filter approach," Journal of Productivity Analysis, Springer, vol. 46(2), pages 155-167, December.
    3. Kutlu, Levent & Tran, Kien C. & Tsionas, Mike G., 2020. "A spatial stochastic frontier model with endogenous frontier and environmental variables," European Journal of Operational Research, Elsevier, vol. 286(1), pages 389-399.
    4. Kutlu, Levent, 2017. "A constrained state space approach for estimating firm efficiency," Economics Letters, Elsevier, vol. 152(C), pages 54-56.
    5. Levent Kutlu & Ran Wang, 2018. "Estimation of cost efficiency without cost data," Journal of Productivity Analysis, Springer, vol. 49(2), pages 137-151, June.
    6. Kutlu, Levent & Tran, Kien C. & Tsionas, Mike G., 2019. "A time-varying true individual effects model with endogenous regressors," Journal of Econometrics, Elsevier, vol. 211(2), pages 539-559.
    7. Kassoum Ayouba, 2023. "Spatial dependence in production frontier models," Journal of Productivity Analysis, Springer, vol. 60(1), pages 21-36, August.
    8. Kutlu, Levent, 2018. "Estimating efficiency in a spatial autoregressive stochastic frontier model," Economics Letters, Elsevier, vol. 163(C), pages 155-157.
    9. Guanchun Liu & Shichang Ma & Chien‐Chiang Lee & Ming Xu, 2020. "Growth decomposition bias when accounting for heterogeneous regimes: Evidence from China," Review of Development Economics, Wiley Blackwell, vol. 24(2), pages 691-711, May.
    10. Pavlos Almanidis & Mustafa U. Karakaplan & Levent Kutlu, 2019. "A dynamic stochastic frontier model with threshold effects: U.S. bank size and efficiency," Journal of Productivity Analysis, Springer, vol. 52(1), pages 69-84, December.

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    More about this item

    Keywords

    Banking Industry; Efficiency; Kalman Filter; Panel data;
    All these keywords.

    JEL classification:

    • C1 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General
    • C13 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Estimation: General

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