We analyze how adding the shadow economy to official output figures affects technical efficiency. We find that this … only slightly affects the ranking of efficiency scores, but increases average efficiency. Our results are robust to the …

institutional framework. We analyze the interaction between aggregate efficiency, corruption, and other dimensions of governance for … that it may be positively associated with efficiency in countries where institutions are ineffective. We thus find evidence …

This paper addresses the relationship between bank competition and efficiency by computing Lerner indices and cost … efficiency scores for a sample of Chinese banks over the period 2002-2011. Granger-causality tests are performed in a dynamic GMM … competition over the period, even as cost efficiency improves. In a departure from the empirical literature showing that …

between capital ratio and bank efficiency for Chinese banks over the period 2004?2009, taking advantage of the profound … regulatory changes in capital requirements that occurred during this period to measure the exogenous impact of an in-crease in … the capital ratio on banks' cost efficiency. We find that such an increase has a positive effect on cost efficiency, the …