A note on productivity change in European cooperative banks: the Luenberger indicator approach
AbstractThe Luenberger productivity indicator is employed to estimate and decompose productivity change in a sample of cooperative banks operating in 10 EU member states. An average annualised productivity growth of 2.59% is reported between 1996 and 2003, though there is heterogeneity in growth rates across countries. Generally speaking, productivity growth is driven by technological change. However, cooperative banks in southern European banking markets benefit as much from efficiency growth or catching-up with industry best practice. The results suggest that technology sharing arrangements and greater competition arising from deregulation are positive contributors towards productivity change.
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Bibliographic InfoArticle provided by Taylor & Francis Journals in its journal International Review of Applied Economics.
Volume (Year): 24 (2010)
Issue (Month): 2 ()
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Other versions of this item:
- Carlos Pestana Barros & Nicolas Peypoch & Jonathan Williams, 2006. "A Note on Productivity Change in European Co-operative Banks: The Luenberger Indicator Approach," Working Papers Department of Economics 2006/36, ISEG - School of Economics and Management, Department of Economics, University of Lisbon.
- G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
- D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
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