nearly one third of euro area labour productivity growth. The results point to a significant decline in the contribution of … total factor productivity to euro area growth. …

based approach to large data sets for European and U.S. banks, we offer new empirical evidence that efficiency plays a key … tests to establish the link between competition and measures of profit efficiency in banking, and find that competition … indeed increases bank efficiency. Second, building on these results, we examine the relation between the Boone indicator …

We analyze the impact of efficiency on bank risk. We also consider whether bank capital has an effect on this … relationship. We model the inter-temporal relationships among efficiency, capital and risk for a large sample of commercial banks … supporting the bad management and efficiency version of the moral hazard hypotheses. In contrast, bank efficiency improvements …