, though their average size has also risen. We investigate changes in the efficiency and productivity of US credit unions … efficient frontier. We construct a cost analog of the Malmquist productivity index, which we decompose to estimate changes in … cost and scale efficiency, and changes in technology. We find that cost-productivity fell on average across all credit …

This paper compares the productivity and efficiency of large banks and community banks in the United States over the …, productivity growth, and returns to scale. Our results show that, compared with community banks, large banks have experienced much … higher productivity growth and higher levels of returns to scale. Our estimates of total factor productivity growth show a …

Productivity and efficiency change lies at the heart of achieving sustainable growth in China. This paper computes and …

-specific productivity. Nonconvex adjustment costs lead plants to pursue generalized (S,s) decision rules with respect to capital; as a … aggregate investment, though with differences in plant-level productivity, these nonlinearities are far less pronounced …