Cost structure, technological change, and productivity growth in the Greek banking sector
Journal article
Authors | Apergis, Nicholas and Rezitis, Antonios |
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Abstract | This paper first empirically investigates the cost structure of the Greek banking sector. Secondly, it provides measures of economies (diseconomies) of scale and quantifies technical change and its sources. Finally, this paper measures total factor productivity growth and identifies its sources. Bank production is presented with two different approaches (the intermediation and the production approach) which are used to specify a translog cost function. The two different translog cost models are estimated through the full information maximum likelihood method of estimation on pooled time series and cross sectional data. The results obtained are not significantly affected by model specification. Both models indicate significant economies of scale and negative annual rates of growth in technical change and in total factor productivity. |
Keywords | Maximum Likelihood Method; Total Factor Productivity; Productivity Growth; Technological Change |
Year | 2004 |
Journal | International Advances in Economic Research |
Publisher | Springer |
Web address (URL) | http://hdl.handle.net/10545/623550 |
http://creativecommons.org/licenses/by-nc-nd/4.0/ | |
hdl:10545/623550 | |
Publication dates | Feb 2004 |
Publication process dates | |
Deposited | 14 Mar 2019, 17:33 |
Contributors | University of Macedonia and University of Ioannina |
File | File Access Level Open |
File | File Access Level Open |
https://repository.derby.ac.uk/item/937z3/cost-structure-technological-change-and-productivity-growth-in-the-greek-banking-sector
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