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首页> 外文期刊>Journal of productivity analysis >Measuring technical and allocative efficiencies for banks in the transition countries using the Fourier flexible cost function
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Measuring technical and allocative efficiencies for banks in the transition countries using the Fourier flexible cost function

机译：使用傅里叶弹性成本函数测量转型国家银行的技术效率和分配效率

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摘要

The transition economies are known to have quite different market structures from the market economies. State-owned banks accounts for a major part of the financial sector in East European countries before the transition period. Since the input prices of the sector are frequently under the control of those governments, the misallocated resources may incur the loss of economic efficiency. This paper attempts to gauge the technical and allocative efficiency using unbalanced panel data of 340 banks from 14 transition countries under the framework of the Fourier flexible shadow cost function. Accommodating technical and allocative efficiencies simultaneously, as suggested by Atkinson and Cornwell (Int Econ Rev 35:231-243, 1994a) and Kumbhakar and Wang (J Econom 134:317-340, 2006a), avoids potential specification errors and leads to consistent parameter estimates. The average total cost savings resulting from greater technical and allocative efficiency are around 28.31 and 7.13%, respectively. Foreign-owned banks are found to be the most economically efficient. The enforcement of financial liberalization does gradually improve upon the sample banks' technical efficiency. The allocative inefficiency arises from over capitalization and excess funds. Scale diseconomies appear to prevail in the sample states with a few exceptions.
机译：众所周知，转型经济体的市场结构与市场经济完全不同。在过渡时期之前，国有银行占东欧国家金融部门的主要部分。由于该部门的投入价格经常受到这些政府的控制，因此资源分配不当可能会导致经济效率下降。本文试图在傅里叶弹性影子成本函数的框架下，使用来自14个转型国家的340家银行的不平衡面板数据来评估技术和分配效率。正如Atkinson和Cornwell（Int Econ Rev 35：231-243，1994a）以及Kumbhakar和Wang（J Econom 134：317-340，2006a）所建议的，同时适应技术效率和分配效率，避免了潜在的规格误差并导致参数一致估计。由于技术和分配效率的提高，平均节省的总成本分别约为28.31和7.13％。外资银行被认为是经济效率最高的。金融自由化的实施确实会逐步提高样本银行的技术效率。分配效率低下是由于资本过多和资金过多。规模不经济似乎在样本国家中盛行，只有少数例外。

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