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Eficiencia, Cambio Productivo Y Cambio Técnico En Los Bancos Y Cajas De Ahorro Españolas: Un Análisis Frontera No Paramétrico

Author

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  • José Manuel Pastor Monsálvez

    (Instituto Valenciano de Investigaciones Económicas)

Abstract

This paper analyses the efficiency and productivity growth experienced by the Spanish Banking System over the 1986-92 period. The analysis uses a non parametric approach together with the Malmquist index to decompose the productivity growth into changes in efficiency (catching-up) and technological change. The changes in efficiency are in turn decomposed into changes in technical pure efficiency and changes in scale efficiency. The results point out a higher efficiency and a higher improvement of productivity in savings banks as compared to private commercial banks. These productivity improvements are mainly due to technical progress in savings banks and to catching-up private commercial banks. Este trabajo analiza la eficiencia y el cambio productivo ocurrido en el Sistema Bancario Español en el período 1986-92. La eficiencia y el cambio productivo se estima utilizando la técnica no paramétrica DEA y el índice de Malmquist, que permite descomponer el cambio productivo en cambios en la eficiencia (catcbing-up) y cambio técnico. Igualmente, se realiza una descomposición de los cambios en la eficiencia en términos de cambios en la eficiencia técnica pura y de escala. Los resultados obtenidos indican una superior eficiencia y mayores mejoras de productividad en las cajas que en los bancos. Estas mejoras de productividad se deben principalmente a progreso técnico en el caso de las cajas de ahorro y a catcbing-up en el caso de los bancos nacionales.

Suggested Citation

  • José Manuel Pastor Monsálvez, 1995. "Eficiencia, Cambio Productivo Y Cambio Técnico En Los Bancos Y Cajas De Ahorro Españolas: Un Análisis Frontera No Paramétrico," Working Papers. Serie EC 1995-09, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
  • Handle: RePEc:ivi:wpasec:1995-09
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    Citations

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    Cited by:

    1. Jose Pastor, 2002. "Credit risk and efficiency in the European banking system: A three-stage analysis," Applied Financial Economics, Taylor & Francis Journals, vol. 12(12), pages 895-911.
    2. Joaquín Maudos, 1996. "Eficiencia, cambio técnico y productividad en el sector bancario español: una aproximación de frontera estocástica," Investigaciones Economicas, Fundación SEPI, vol. 20(3), pages 339-358, September.
    3. Emili Tortosa-Ausina, 2003. "Bank cost efficiency as distribution dynamics: controlling for specialization is important," Investigaciones Economicas, Fundación SEPI, vol. 27(1), pages 71-96, January.
    4. Cuadras-Morató, Xavier & Fernández Castro, Ángel & Rosés, Joan R., 1999. "La influencia de la productividad en la consolidación de los grupos nacionales de la banca privada española (1900-1914)," IFCS - Working Papers in Economic History.WH dh990101, Universidad Carlos III de Madrid. Instituto Figuerola.
    5. Pastor, JoseManuel & Perez, Francisco & Quesada, Javier, 1997. "Efficiency analysis in banking firms: An international comparison," European Journal of Operational Research, Elsevier, vol. 98(2), pages 395-407, April.
    6. Joaquín Maudos & José Manuel Pastor & Lorenzo Serrano, 2000. "Crecimiento de la productividad y su descomposición en progreso técnico y cambio de eficiencia: una aplicación regional y sectorial en España (1964-1993)," Investigaciones Economicas, Fundación SEPI, vol. 24(1), pages 177-205, January.
    7. Grifell-Tatje, E. & Lovell, C. A. K., 1997. "The sources of productivity change in Spanish banking," European Journal of Operational Research, Elsevier, vol. 98(2), pages 364-380, April.
    8. Cuadras-Morató, Xavier & Castro, Ángel S. Fernández & Rosés, Joan R., 2002. "Productividad, competencia e innovación en la banca privada española (1900–1914)," Revista de Historia Económica, Cambridge University Press, vol. 20(03), pages 543-575, December.
    9. International Monetary Fund, 2012. "Spain; The Reform of Spanish Savings Banks Technical Notes," IMF Staff Country Reports 12/141, International Monetary Fund.
    10. Miguel A. GarcÌa-Cestona & Jordi Surroca, "undated". "Eficiencia en Organizaciones Orientadas a los Interesados: Las Cajas de Ahorro Espanolas," Studies on the Spanish Economy 146, FEDEA.
    11. Tortosa-Ausina, Emili & Grifell-Tatje, Emili & Armero, Carmen & Conesa, David, 2008. "Sensitivity analysis of efficiency and Malmquist productivity indices: An application to Spanish savings banks," European Journal of Operational Research, Elsevier, vol. 184(3), pages 1062-1084, February.
    12. Crespi, Rafel & Garcia-Cestona, Miguel A. & Salas, Vicente, 2004. "Governance mechanisms in Spanish banks. Does ownership matter?," Journal of Banking & Finance, Elsevier, vol. 28(10), pages 2311-2330, October.
    13. Vicente Calabuig Alcantara, 1997. "Ineficiencias en las negociaciones entre dos agentes completamente informados," Working Papers. Serie EC 1997-03, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
    14. Emili Tortosa Ausina, 1999. "-Convergence In Efficiency Of The Spanish Banking Firms As Distribution Dynamics," Working Papers. Serie EC 1999-14, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).

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