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題名 Measuring Technical and Allocative Efficiencies for Banks in the Transition Countries Using the Fourier Flexible Cost Function
作者 Huang, Tai-Hsin ; Shen, Chung-Hua ; Chen, Kuan-Chen ; Tseng, Shen-Ju
黃台心;沈中華;陳振寬;曾聖如
貢獻者 金融系
關鍵詞 Fourier flexible cost function;Shadow prices;Technical efficiency;Allocative efficiency;Environmental variables
日期 2011-04
上傳時間 17-二月-2014 09:56:28 (UTC+8)
摘要 The transition economies are known to have quite different market structures from the market economies. State-owned banks accounts for a major part of the financial sector in East European countries before the transition period. Since the input prices of the sector are frequently under the control of those governments, the misallocated resources may incur the loss of economic efficiency. This paper attempts to gauge the technical and allocative efficiency using unbalanced panel data of 340 banks from 14 transition countries under the framework of the Fourier flexible shadow cost function. Accommodating technical and allocative efficiencies simultaneously, as suggested by Atkinson and Cornwell (Int Econ Rev 35:231–243, 1994a) and Kumbhakar and Wang (J Econom 134:317–340, 2006a), avoids potential specification errors and leads to consistent parameter estimates. The average total cost savings resulting from greater technical and allocative efficiency are around 28.31 and 7.13%, respectively. Foreign-owned banks are found to be the most economically efficient. The enforcement of financial liberalization does gradually improve upon the sample banks’ technical efficiency. The allocative inefficiency arises from over capitalization and excess funds. Scale diseconomies appear to prevail in the sample states with a few exceptions.
關聯 Journal of Productivity Analysis, 35(2), 143-157
資料類型 article
DOI http://dx.doi.org/10.1007/s11123-010-0181-3
dc.contributor 金融系en_US
dc.creator (作者) Huang, Tai-Hsin ; Shen, Chung-Hua ; Chen, Kuan-Chen ; Tseng, Shen-Juen_US
dc.creator (作者) 黃台心;沈中華;陳振寬;曾聖如zh_TW
dc.date (日期) 2011-04en_US
dc.date.accessioned 17-二月-2014 09:56:28 (UTC+8)-
dc.date.available 17-二月-2014 09:56:28 (UTC+8)-
dc.date.issued (上傳時間) 17-二月-2014 09:56:28 (UTC+8)-
dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/63875-
dc.description.abstract (摘要) The transition economies are known to have quite different market structures from the market economies. State-owned banks accounts for a major part of the financial sector in East European countries before the transition period. Since the input prices of the sector are frequently under the control of those governments, the misallocated resources may incur the loss of economic efficiency. This paper attempts to gauge the technical and allocative efficiency using unbalanced panel data of 340 banks from 14 transition countries under the framework of the Fourier flexible shadow cost function. Accommodating technical and allocative efficiencies simultaneously, as suggested by Atkinson and Cornwell (Int Econ Rev 35:231–243, 1994a) and Kumbhakar and Wang (J Econom 134:317–340, 2006a), avoids potential specification errors and leads to consistent parameter estimates. The average total cost savings resulting from greater technical and allocative efficiency are around 28.31 and 7.13%, respectively. Foreign-owned banks are found to be the most economically efficient. The enforcement of financial liberalization does gradually improve upon the sample banks’ technical efficiency. The allocative inefficiency arises from over capitalization and excess funds. Scale diseconomies appear to prevail in the sample states with a few exceptions.en_US
dc.format.extent 466762 bytes-
dc.format.mimetype application/pdf-
dc.language.iso en_US-
dc.relation (關聯) Journal of Productivity Analysis, 35(2), 143-157en_US
dc.subject (關鍵詞) Fourier flexible cost function;Shadow prices;Technical efficiency;Allocative efficiency;Environmental variablesen_US
dc.title (題名) Measuring Technical and Allocative Efficiencies for Banks in the Transition Countries Using the Fourier Flexible Cost Functionen_US
dc.type (資料類型) articleen
dc.identifier.doi (DOI) 10.1007/s11123-010-0181-3en_US
dc.doi.uri (DOI) http://dx.doi.org/10.1007/s11123-010-0181-3en_US