Carbo, S.; Gardener, E. P. M.; Williams, J. - In: Applied Economics 35 (2003) 6, pp. 705-719
Using a Fourier flexible form cost function methodology, technical progress is estimated for a large sample of European savings banks between 1989 and 1997. On average, technical progress has reduced savings banks total costs by around 3.4% per annum. Since the European savings banks industry is...
