This paper investigates the size-efficiency relation of European cooperative banks during the 2006-2015 period. We employ the Stochastic Frontier Analysis in order to obtain inefficiency estimates and its determinants on the set of 183 cooperative banks from 12 European countries. This work...

This paper argues that the conventional definition of the elasticity of complementarity is not well suited to deal with the case of increasing returns. It proposes a slightly different formula, that uses a distance function formulation instead of a production function. The proposed definition...

While exports within NAFTA face a lower hazard of ceasing, its onset has increased the hazard for Mexican and US intra NAFTA exports. Intra NAFTA exports still enjoy a lower hazard relative to exports to non-members. While NAFTA did affect the hazard for Canada's exports in the short run, its...