of the effi ciency of banking intermediation. In this paper we estimate the productivity of individual Spanish banks and … the industry's productivity growth over time using the methodology of Olley and Pakes (1996) and Levinsohn and Petrin … (2003), which controls for simultaneity bias. We then examine the contributions of two sets of factors to productivity …

Total factor productivity (TFP) is considered the key determinant of long-term and sustainable economic growth. The … mostly driven by the rise and fall of the capital-to-labor ratio (capital deepening) while the role of labor productivity is …

investigating the actual productivity change and its components — pure efficiency change, scale efficiency change and technological … Malmquist Productivity Index (Zelenyuk in Eur J Oper Res 174:1076–1086, 2006) and the bootstrap techniques (Simar and Wilson in … respond to the financial crisis with productivity improvements and, in both cases, this improvement is driven primarily by a …

accounting framework to decompose trend GDP growth into changes in capital, labour services, and total factor productivity, we …

We investigate whether a bank’s performance during the 1998 crisis, which was viewed at the time as the most dramatic … crisis since the Great Depression, predicts its performance during the recent financial crisis. One hypothesis is that a bank …. Another hypothesis is that a bank’s poor experience in a crisis is tied to aspects of its business model that are persistent …

orientation, pressures on funding models and entity structures could affect the efficiency of capital flows through the bank …