Brissimis, Sophocles N.; Delis, Matthaios; Tsionas, … - 2022
This paper specifies an empirical framework for estimating both technical and allocative efficiency, which is applied … results suggest that, on average, European banks exhibit constant returns to scale, that technical and allocative efficiency … are close to 80% and 75% respectively, and that overall economic efficiency shows a clearly improving trend. We also show …