Efficiency Convergence in All EU Member and Candidate Countries' Banking Markets
This paper examines whether there has been convergence of cost and profit efficiency levels among all European Union (EU) member and candidate countries following the process of legislative harmonization, using dynamic panel data models. The test results indicate evidence of β-<i>convergence and</i> σ-convergence in both cost and profit efficiency among all EU member and candidate countries. Hence, the results provide evidence in favor of the process of banking markets integration in the European Union. The results also indicate that the mean cost efficiency levels are higher than those of profit efficiency, verifying the importance of inefficiencies on the revenue side of banking activity in EU banking markets. The results further suggest that there have been significant efficiency gains in the newer member and candidate countries' banking sectors.
Year of publication: |
2013
|
---|---|
Authors: | Kasman, Adnan ; Kasman, Saadet |
Published in: |
Eastern European Economics. - M.E. Sharpe, Inc., ISSN 0012-8775. - Vol. 51.2013, 3, p. 50-70
|
Publisher: |
M.E. Sharpe, Inc. |
Saved in:
freely available
Saved in favorites
Similar items by person
-
Dual long memory property in returns and volatility : evidence from the CEE countries' stock markets
Kasman, Adnan, (2009)
-
Fisher hypothesis revisited : a fractional cointegration analysis
Kasman, Saadet, (2006)
-
Kasman, Saadet, (2010)
- More ...