Gunes, Hakan; Yildirim, Dilem - In: Central Bank Review (CBR) 16 (2016) 4, pp. 127-136
this end, within the stochastic frontier framework, we employ true fixed effects model, where the unobserved bank … inefficiency correlates, we first adopt a search algorithm and then utilize the model averaging approach to verify that our results … are not exposed to model selection bias. Overall, our empirical results reveal that cost efficiencies of Turkish banks …