@techreport{10902/3387,
year = {2005},
url = {http://hdl.handle.net/10902/3387},
abstract = {This article analyzes productivity growth for European banks over the 1995–2001 period. In
contrast to previous literature, the study encompasses the overwhelming majority of current European
Union (EU) countries—all excepting Greece and those joining the EU in 2004. In addition,
we use resampling methods so as to gain statistical precision, which turns out to be especially
important due to the limitations of the database. In a second stage, additional nonparametric
methods—in an attempt to be fully consistent—are used to disentangle some reasons as to why
productivity differentials might exist. Results show that productivity growth has occurred in
most countries, mainly due to improvement in production possibilities. The bootstrap analysis
yields further evidence, as for many firms and countries productivity growth, or decline, is not
statistically significant. The two-stage analysis provides some additional insights, suggesting that
the relevance of environmental variables found in other studies focusing on efficiency could be
lessened when focusing on productivity.},
publisher = {Fundación de las Cajas de Ahorros (FUNCAS)},
publisher = {Documentos de Trabajo FUNCAS, ISSN-e 1988-8767, Nº. 207, 2005},
title = {Productivity growth in European banking},
author = {Murillo Melchor, Carmen and Pastor Monsálvez, José Manuel and Tortosa Ausina, Emili},
}