Malmquist Indices of Pre and Post-Deregulation Productivity, Efficiency and Technological Change in the Singaporean Banking Sector
AbstractBy the end of the 1990s, the Singaporean government had recognised the need to open up its banking sector so as to remain competitive in the global economy. The Monetary Authority of Singapore thus began deregulation of the banking sector in 1999 to strengthening the competitiveness of local banks relative to their foreign competition through mergers. This paper employs a nonparametric Malmquist productivity index to provide measure of productivity, technological change and efficiency gains over the period 1995-2005. The findings reveal some total factor productivity growth associated with deregulation and scale efficiency improvement largely from mergers amongst the local banks.
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Bibliographic InfoPaper provided by School of Economics and Finance, Queensland University of Technology in its series School of Economics and Finance Discussion Papers and Working Papers Series with number 228.
Length: 29 pages
Date of creation: 27 Jan 2009
Date of revision:
Efficiency; productivity; deregulation; Malmquist indices; banking;
Other versions of this item:
- Boon L. Lee & Andrew C. Worthington & Wai Ho Leong, 2010. "Malmquist Indices Of Pre- And Post-Deregulation Productivity, Efficiency And Technological Change In The Singaporean Banking Sector," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 55(04), pages 599-618.
- 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
This paper has been announced in the following NEP Reports:
- NEP-ALL-2008-02-23 (All new papers)
- NEP-EFF-2008-02-23 (Efficiency & Productivity)
- NEP-SEA-2008-02-23 (South East Asia)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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- Boon L. Lee, 2013.
"Productivity, technical and efficiency change in Singapore's services sector, 2005 to 2008,"
Taylor & Francis Journals, vol. 45(15), pages 2023-2029, May.
- Boon Lee, 2011. "Productivity, Technical and Efficiency Change in Singapore's Services Sector, 2005 to 2008," School of Economics and Finance Discussion Papers and Working Papers Series 269, School of Economics and Finance, Queensland University of Technology.
- Boon L Lee, 2012. "Efficiency and Productivity of Singapore's Manufacturing Sector 2001-2010: An analysis using Simar and Wilson's (2007) bootstrapped truncated approach," School of Economics and Finance Discussion Papers and Working Papers Series 283, School of Economics and Finance, Queensland University of Technology.
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