When both economies of scale and scope are simultaneously observed, merger tends to reduce costs. Numerous empirical studies have already established that beyond a certain size, banks’ costs tend to become proportional, thus establishing a limit to economies of scale and scope. We verify if...

Le faible niveau moyen d’efficience des institutions bancaires habituellement trouvé dans les études empiriques a été qualifié de « boîte noire » par Berger et Mester (1997). Cette étude cherche à identifier si les caractéristiques de l’environnement de même que celles qui sont...

Nous mesurons à l’aide du DEA (Data Envelopment Analysis) l’efficacité des caisses populaires acadiennes en utilisant la valeur des produits d’intermédiation ainsi que le nombre de transactions réalisées par chaque caisse entre 1997 et 2000, au moment où un important programme de...

In order to identify the variables influencing the Canadian housing market, we estimate a structural model on annual data from 1956 to 2001. This model simultaneously explains the behaviour of the real average housing price and the change in the housing stock as measured by the number of housing...

Il est déjà connu que les scores d’efficacité des institutions financières varient selon la manière dont on mesure leur production et le nombre de facteurs de production retenus. Nous étudions l’impact des produits transactionnels, une dimension presque toujours négligée dans les...

This paper seeks to determine how demographic and non-demographic factors have contributed to past changes in Canada’s real housing prices as well as their possible impact over the next twenty years. To this goal, we estimate with annual data from 1956 to1997 a structural model of the Canadian...

Economies of scope are present when producing jointly a diversified basket of goods and services is less costly than their separate production. Data Envelopment Analysis (DEA) can estimate economies of scope by the difference between input requirement sets of diversified and specialized firms...

Using accounting data from 1,073 Caisses populaires et d’économie Desjardins, we estimated a translogarithmic multi-product cost function enabling us to test for economies of scale and scope. Using the production approach, we defined six products, three inputs and three control variables to...

The co-operative movement played an important role in the development of northern New Brunswick. Recently, these regions were negatively impact by the forestry crisis. This case study underlines the contribution of socio-territorial capital and social innovation to the development of the...