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Payment scale economies affect banking costs, competition in payment services, and pricing. Our scale measure relates operating cost to physical measures of European banking "output", finding large economies. This differs from relating total cost to the value of balance sheet assets (the...
Persistent link: https://www.econbiz.de/10003969437
This paper aims at investigating the relationship between firms' profit efficiency, access to finance and innovation activities. We enrich our understanding on firms' performance by adopting the stochastic frontier approach (SFA), which allows us to estimate profit functions and to obtain...
Persistent link: https://www.econbiz.de/10012241105
economies. We also assess the efficiency of public spending in redistributing income by using a DEA (Data Envelopment Analysis …
Persistent link: https://www.econbiz.de/10003636313
rankings by applying a range of measurement techniques. The study finds that expenditure efficiency across new EU member states …
Persistent link: https://www.econbiz.de/10003274690
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Do negative interest rates affect banks' cost efficiency? We exploit the unprecedented introduction of negative policy interest rates in the euro area to investigate whether banks make a virtue out of necessity in reacting to negative interest rates by adjusting their cost efficiency. We find...
Persistent link: https://www.econbiz.de/10013367106
process, socioeconomic and environmental features. Type A includes areas of periurban agriculture surrounding the metropolitan … cities, type B areas of intensive agriculture with high concentration of agroindustry, type C hilly areas with highly … diversified agriculture and valuable landscape, and type D high hills and mountains with forests and protected areas. Areas A and …
Persistent link: https://www.econbiz.de/10012299042
firms? And in the European context, have key elements of the EU strategy such as EMU and enlargement helped or hindered … located in participating economies. Enlargement has, instead, two contrasting effects. It improves the accessibility of EU …
Persistent link: https://www.econbiz.de/10003635984
In this paper we test whether a reallocation of government budget items can enhance long-term GDP growth in a set of European countries. We apply modern panel data techniques to the period 1970-2006, and we use three alternative dependent variables in a growth regression: economic growth, total...
Persistent link: https://www.econbiz.de/10003636014