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Long-run estimates of technological change and scale economies in a dynamic framework: Australian permanent building societies, 1974-1990

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  • Esho, Neil
  • Sharpe, Ian G.

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  • Esho, Neil & Sharpe, Ian G., 1995. "Long-run estimates of technological change and scale economies in a dynamic framework: Australian permanent building societies, 1974-1990," Journal of Banking & Finance, Elsevier, vol. 19(7), pages 1135-1157, October.
    • Handle: RePEc:eee:jbfina:v:19:y:1995:i:7:p:1135-1157
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    1. David Humphrey, 1993. "Cost and technical change: Effects from bank deregulation," Journal of Productivity Analysis, Springer, vol. 4(1), pages 9-34, June.
    2. Hunter, William C & Timme, Stephen G, 1991. "Technological Change in Large U.S. Commercial Banks," The Journal of Business, University of Chicago Press, vol. 64(3), pages 339-362, July.
    3. Mester, Loretta J., 1991. "Agency costs among savings and loans," Journal of Financial Intermediation, Elsevier, vol. 1(3), pages 257-278, June.
    4. Bewley, Ronald & Fiebig, Denzil G, 1990. "Why Are Long-run Parameter Estimates So Disparate?," The Review of Economics and Statistics, MIT Press, vol. 72(2), pages 345-349, May.
    5. Allen N. Berger & David B. Humphrey, 1992. "Measurement and Efficiency Issues in Commercial Banking," NBER Chapters, in: Output Measurement in the Service Sectors, pages 245-300, National Bureau of Economic Research, Inc.
    6. Hunter, William C & Timme, Stephen G, 1986. "Technical Change, Organizational Form, and the Structure of Bank Production," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 18(2), pages 152-166, May.
    7. Baltagi, Badi H & Griffin, James M, 1988. "A General Index of Technical Change," Journal of Political Economy, University of Chicago Press, vol. 96(1), pages 20-41, February.
    8. Berger, Allen N. & Hancock, Diana & Humphrey, David B., 1993. "Bank efficiency derived from the profit function," Journal of Banking & Finance, Elsevier, vol. 17(2-3), pages 317-347, April.
    9. Hardwick, Philip, 1990. "Multi-product Cost Attributes: A Study of U.K. Building Societies," Oxford Economic Papers, Oxford University Press, vol. 42(2), pages 446-461, April.
    10. Zvi Griliches, 1992. "Output Measurement in the Service Sectors," NBER Books, National Bureau of Economic Research, Inc, number gril92-1, March.
    11. Berger, Allen N. & Hunter, William C. & Timme, Stephen G., 1993. "The efficiency of financial institutions: A review and preview of research past, present and future," Journal of Banking & Finance, Elsevier, vol. 17(2-3), pages 221-249, April.
    12. Nerlove, Marc, 1971. "Further Evidence on the Estimation of Dynamic Economic Relations from a Time Series of Cross Sections," Econometrica, Econometric Society, vol. 39(2), pages 359-382, March.
    13. Edgar, R J & Hatch, J H & Lewis, M K, 1971. "Economies of Scale in Australian Banking, 1947-68," The Economic Record, The Economic Society of Australia, vol. 47(117), pages 17-37, March.
    14. William C. Hunter & Stephen G. Timme, 1993. "Core deposits and physical capital: a reexamination of bank scale economies and efficiency with quasi-fixed inputs," FRB Atlanta Working Paper 93-3, Federal Reserve Bank of Atlanta.
    15. Dennis J. Fixler & Kimberly D. Zieschang, 1992. "User Costs, Shadow Prices, and the Real Output of Banks," NBER Chapters, in: Output Measurement in the Service Sectors, pages 219-243, National Bureau of Economic Research, Inc.
    16. Harvey R. Crapp, 1982. "Scale Economies in the N.S.W. Permanent Building Society Industry," Australian Journal of Management, Australian School of Business, vol. 7(1), pages 33-48, June.
    17. Evanoff, Douglas D & Israilevich, Philip R & Merris, Randall C, 1990. "Relative Price Efficiency, Technical Change, and Scale Economies for Large Commercial Banks," Journal of Regulatory Economics, Springer, vol. 2(3), pages 281-298, September.
    18. 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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    Cited by:

    1. Dev Vencappa & Paul Fenn & Stephen Diacon, 2013. "Productivity Growth in the European Insurance Industry: Evidence from Life and Non-Life Companies," International Journal of the Economics of Business, Taylor & Francis Journals, vol. 20(2), pages 281-305, July.
    2. João Rebelo & Victor Mendes, 2000. "Malmquist indices of productivity change in Portuguese banking: The deregulation period," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 6(3), pages 531-543, August.
    3. Spierdijk, Laura & Shaffer, Sherrill & Considine, Tim, 2017. "How do banks adjust to changing input prices? A dynamic analysis of U.S. commercial banks before and after the crisis," Journal of Banking & Finance, Elsevier, vol. 85(C), pages 1-14.
    4. Cuesta, Rafael A. & Orea, Luis, 2002. "Mergers and technical efficiency in Spanish savings banks: A stochastic distance function approach," Journal of Banking & Finance, Elsevier, vol. 26(12), pages 2231-2247.
    5. Nicholas Apergis & Anthony Rezitis, 2004. "Cost structure, technological change, and productivity growth in the greek banking sector," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 10(1), pages 1-15, February.
    6. Tiffany Hutcheson & Ian G. Sharpe, 1998. "Ownership Structure and Building Society Efficiency," Australian Journal of Management, Australian School of Business, vol. 23(2), pages 151-168, December.
    7. Neil Esho & Ian G. Sharpe, 1996. "X‐Efficiency of Australian Permanent Building Societies, 1974–1990," The Economic Record, The Economic Society of Australia, vol. 72(218), pages 246-259, September.
    8. Victor Mendes & Joao Rebelo, 1999. "Productive efficiency, technological change and productivity in Portuguese banking," Applied Financial Economics, Taylor & Francis Journals, vol. 9(5), pages 513-521.
    9. Uddin, Md Hamid & Mollah, Sabur & Ali, Md Hakim, 2020. "Does cyber tech spending matter for bank stability?," International Review of Financial Analysis, Elsevier, vol. 72(C).
    10. Malcolm Abbott & Su Wu & Wei Wang, 2013. "The productivity and performance of Australia’s major banks since deregulation," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 37(1), pages 122-135, January.
    11. Warren P. Hogan & Ian G. Sharpe, 1997. "Prudential Regulation of the Financial System: A Functional Approach," Agenda - A Journal of Policy Analysis and Reform, Australian National University, College of Business and Economics, School of Economics, vol. 4(1), pages 15-28.

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