Feng, Guohua; Serletis, Apostolos - In: Journal of Applied Econometrics 24 (2009) 1, pp. 105-138
This paper provides estimates of bank efficiency and productivity in the United States, over the period from 1998 to 2005, using (for the first time) the globally flexible Fourier cost functional form, as originally proposed by Gallant (1982), and estimated subject to global theoretical...