Post-crisis cost efficiency of Jamaican banks
Deregulation, re-regulation and continuing globalization embody an imperative that banks increase efficiency in order to survive. We employ the Simar-Wilson (2007) two-step double bootstrap Data Envelopment Analysis (DEA) method to measure whether cost efficiency among Jamaican banks has improved between 1998 and 2009 following a number of post-crisis responses aimed at strengthening and improving the sector. Efficiency is extracted from a meta-frontier construction for the full sample period. In addition, we conduct tests for unconditional β<italic>-convergence</italic> and σ<italic>-convergence</italic>; overall, the results suggest that there has been a tendency towards improvement in bank efficiency levels for the industry as a whole, but there is also evidence that foreign banks show a higher trend improvement in efficiency.
Year of publication: |
2013
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Authors: | Daley, Jenifer ; Matthews, Kent ; Zhang, Tiantian |
Published in: |
Applied Financial Economics. - Taylor & Francis Journals, ISSN 0960-3107. - Vol. 23.2013, 20, p. 1599-1607
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Publisher: |
Taylor & Francis Journals |
Saved in:
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