메뉴 건너뛰기




Volumn 27, Issue 3, 2009, Pages 354-368

Robust nonparametric quantile estimation of efficiency and productivity change in U.S. commercial banking, 1985-2004

Author keywords

Commercial banks; Efficiency; Productivity; Quantile estimation

Indexed keywords


EID: 77950639416     PISSN: 07350015     EISSN: None     Source Type: Journal    
DOI: 10.1198/jbes.2009.06145     Document Type: Article
Times cited : (62)

References (46)
  • 1
    • 49449120922 scopus 로고
    • Formulation and estimation of stochastic frontier production function models
    • Aigner, D., Lovell, C. A. K., and Schmidt, P. (1977), "Formulation and Estimation of Stochastic Frontier Production Function Models," Journal of Econometrics, 6, 21-37.
    • (1977) Journal of Econometrics , vol.6 , pp. 21-37
    • Aigner, D.1    Lovell, C.A.K.2    Schmidt, P.3
  • 2
    • 17444380791 scopus 로고    scopus 로고
    • Non parametric frontier estimation: A conditional quantile-based approach
    • DOI 10.1017/S0266466605050206
    • Aragon, Y., Daouia, A., and Thomas-Agnan, C. (2005), "Nonparametric Frontier Estimation: A Conditional Quantile-Based Approach," Econometric Theory, 21, 358-389. (Pubitemid 40551427)
    • (2005) Econometric Theory , vol.21 , Issue.2 , pp. 358-389
    • Aragon, Y.1    Daouia, A.2    Thomas-Agnan, C.3
  • 4
    • 0037386484 scopus 로고    scopus 로고
    • The economic effects of technological progress: Evidence from the banking industry
    • Berger, A. N. (2003), "The Economic Effects of Technological Progress: Evidence From the Banking Industry," Journal of Money, Credit, and Banking, 35, 141-176.
    • (2003) Journal of Money, Credit, and Banking , vol.35 , pp. 141-176
    • Berger, A.N.1
  • 5
    • 0000786043 scopus 로고    scopus 로고
    • Efficiency of financial institutions: International survey and directions for future research
    • Berger, A. N., and Humphrey, D. B. (1997), "Efficiency of Financial Institutions: International Survey and Directions for Future Research," European Journal of Operational Research, 98, 175-212.
    • (1997) European Journal of Operational Research , vol.98 , pp. 175-212
    • Berger, A.N.1    Humphrey, D.B.2
  • 6
    • 0037256139 scopus 로고    scopus 로고
    • Explaining the dramatic changes in performance of us banks: Technological change, deregulation, and dynamic changes in competition
    • Berger, A. N., and Mester, L. J. (2003), "Explaining the Dramatic Changes in Performance of US Banks: Technological Change, Deregulation, and Dynamic Changes in Competition," Journal of Financial Intermediation, 12, 57-95.
    • (2003) Journal of Financial Intermediation , vol.12 , pp. 57-95
    • Berger, A.N.1    Mester, L.J.2
  • 8
    • 0345671509 scopus 로고    scopus 로고
    • Nonparametric frontier estimation: A robust approach
    • Cazals, C., Florens, J. P., and Simar, L. (2002), "Nonparametric Frontier Estimation: A Robust Approach," Journal of Econometrics, 106, 1-25.
    • (2002) Journal of Econometrics , vol.106 , pp. 1-25
    • Cazals, C.1    Florens, J.P.2    Simar, L.3
  • 9
    • 0000565224 scopus 로고
    • Estimating substitution elasticities with the fourier cost function
    • Chalfant, J. A., and Gallant, A. R. (1985), "Estimating Substitution Elasticities With the Fourier Cost Function," Journal of Econometrics, 28, 205-222.
    • (1985) Journal of Econometrics , vol.28 , pp. 205-222
    • Chalfant, J.A.1    Gallant, A.R.2
  • 10
    • 0036843757 scopus 로고    scopus 로고
    • X-efficiency in banking: Looking beyond the balance sheet
    • Clark, J. A., and Siems, T. F. (2002), "X-Efficiency in Banking: Looking Beyond the Balance Sheet," Journal of Money, Credit and Banking, 34, 987- 1013.
    • (2002) Journal of Money, Credit and Banking , vol.34 , pp. 987-1013
    • Clark, J.A.1    Siems, T.F.2
  • 11
    • 21344439054 scopus 로고    scopus 로고
    • A system of demand equations satisfying effectively global regularity conditions
    • Cooper, R. J., and McLaren, K. R. (1996), "A System of Demand Equations Satisfying Effectively Global Regularity Conditions," Review of Economics and Statistics, 78, 359-364.
    • (1996) Review of Economics and Statistics , vol.78 , pp. 359-364
    • Cooper, R.J.1    McLaren, K.R.2
  • 12
    • 77950642630 scopus 로고    scopus 로고
    • Ph.D. dissertation, Groupe de Recherche en Economie Mathématique et Quantititative, Université des Sciences Sociales, Toulouse I, et Laboratoire de Statistique et Probabilités, Université Paul Sabatier, Toulouse III
    • Daouia, A. (2003), "Nonparametric Analysis of Frontier Production Functions and Efficiency Measurement Using Nonstandard Conditional Quantiles," Ph.D. dissertation, Groupe de Recherche en Economie Mathématique et Quantititative, Université des Sciences Sociales, Toulouse I, et Laboratoire de Statistique et Probabilités, Université Paul Sabatier, Toulouse III.
    • (2003) Nonparametric Analysis of Frontier Production Functions and Efficiency Measurement Using Nonstandard Conditional Quantiles
    • Daouia, A.1
  • 13
    • 34547686100 scopus 로고    scopus 로고
    • Nonparametric efficiency analysis: A multivariate conditional quantile approach
    • DOI 10.1016/j.jeconom.2006.07.002, PII S0304407606001400
    • Daouia, A., and Simar, L. (2007), "Nonparametric Efficiency Analysis: A Multivariate Conditional Quantile Approach," Journal of Econometrics, 140, 375-400. (Pubitemid 47223537)
    • (2007) Journal of Econometrics , vol.140 , Issue.2 , pp. 375-400
    • Daouia, A.1    Simar, L.2
  • 14
    • 23944524528 scopus 로고    scopus 로고
    • Introducing environmental variables in nonparametric frontier models: A probabilistic approach
    • DOI 10.1007/s11123-005-3042-8
    • Daraio, C., and Simar, L. (2005), "Introducing Environmental Variables in Nonparametric Frontier Models: A Probabilistic Approach," Journal of Productivity Analysis, 24, 93-121. (Pubitemid 41202615)
    • (2005) Journal of Productivity Analysis , vol.24 , Issue.1 , pp. 93-121
    • Daraio, C.1    Simar, L.2
  • 15
    • 0002542881 scopus 로고
    • Measuring labor inefficiency in post offices
    • eds.M. Marchand, P. Pestieau, and H. Tulkens, Amsterdam: North-Holland
    • Deprins, D., Simar, L., and Tulkens, H. (1984), "Measuring Labor Inefficiency in Post Offices," in The Performance of Public Enterprises: Concepts and Measurements, eds.M. Marchand, P. Pestieau, and H. Tulkens, Amsterdam: North-Holland, pp. 243-267.
    • (1984) The Performance of Public Enterprises: Concepts and Measurements , pp. 243-267
    • Deprins, D.1    Simar, L.2    Tulkens, H.3
  • 18
    • 34249841995 scopus 로고
    • Productivity changes in swedish pharmacies 1980-1989: A non-parametric malmquist approach
    • Färe, R., Grosskopf, S., Lindgren, B., and Roos, P. (1992), "Productivity Changes in Swedish Pharmacies 1980-1989: A Non-Parametric Malmquist Approach," Journal of Productivity Analysis, 3, 85-101.
    • (1992) Journal of Productivity Analysis , vol.3 , pp. 85-101
    • Färe, R.1    Grosskopf, S.2    Lindgren, B.3    Roos, P.4
  • 19
    • 0003094809 scopus 로고
    • Productivity developments in Swedish hospitals: A malmquist output approach
    • eds. A. Charnes, W. W. Cooper, A. Y. Lewin, and L. M. Seiford, Dordrecht: Kluwer Academic
    • (1994), "Productivity Developments in Swedish Hospitals: A Malmquist Output Approach," in Data Envelopment Analysis: Theory, Methodology and Applications, eds. A. Charnes, W. W. Cooper, A. Y. Lewin, and L. M. Seiford, Dordrecht: Kluwer Academic.
    • (1994) Data Envelopment Analysis: Theory, Methodology and Applications
  • 21
    • 0000648003 scopus 로고
    • The measurement of productive efficiency
    • Ser. A
    • Farrell, M. J. (1957), "The Measurement of Productive Efficiency," Journal of the Royal Statistical Society, Ser. A, 120, 253-281.
    • (1957) Journal of the Royal Statistical Society , vol.120 , pp. 253-281
    • Farrell, M.J.1
  • 22
    • 0001968889 scopus 로고
    • On the bias in flexible functional forms and an essentially unbiased form
    • Gallant, A. R. (1981), "On the Bias in Flexible Functional Forms and an Essentially Unbiased Form," Journal of Econometrics, 15, 211-245.
    • (1981) Journal of Econometrics , vol.15 , pp. 211-245
    • Gallant, A.R.1
  • 23
    • 0345782236 scopus 로고
    • Unbiased determination of production technologies
    • (1982), "Unbiased Determination of Production Technologies," Journal of Econometrics, 20, 285-323.
    • (1982) Journal of Econometrics , vol.20 , pp. 285-323
  • 25
    • 0000824166 scopus 로고
    • A comparison of the performance of three flexible functional forms
    • Guilkey, D. K., Lovell, C. A. K., and Sickles, R. C. (1983), "A Comparison of the Performance of Three Flexible Functional Forms," International Economic Review, 24, 591-616.
    • (1983) International Economic Review , vol.24 , pp. 591-616
    • Guilkey, D.K.1    Lovell, C.A.K.2    Sickles, R.C.3
  • 27
    • 53349172651 scopus 로고    scopus 로고
    • Asymptotics and consistent bootstraps for DEA estimators in non-parametric frontier models
    • Kneip, A., Simar, L., and Wilson, P. W. (2008), "Asymptotics and Consistent Bootstraps for DEA Estimators in Non-Parametric Frontier Models," Econometric Theory, 24, 1663-1697.
    • (2008) Econometric Theory , vol.24 , pp. 1663-1697
    • Kneip, A.1    Simar, L.2    Wilson, P.W.3
  • 28
    • 33846503930 scopus 로고    scopus 로고
    • Nonparametric stochastic frontiers: A local maximum likelihood approach
    • DOI 10.1016/j.jeconom.2006.03.006, PII S0304407606000376
    • Kumbhakar, S. C., Park, B. U., Simar, L., and Tsionas, E. G. (2007), "Nonparametric Stochastic Frontiers: A Local Likelihood Approach," Journal of Econometrics, 137, 1-27. (Pubitemid 46161958)
    • (2007) Journal of Econometrics , vol.137 , Issue.1 , pp. 1-27
    • Kumbhakar, S.C.1    Park, B.U.2    Simar, L.3    Tsionas, E.G.4
  • 29
    • 0034206980 scopus 로고    scopus 로고
    • Measuring the robustness of empirical efficiency valuations
    • Kuntz, L., and Scholtes, S. (2000), "Measuring the Robustness of Empirical Efficiency Valuations," Management Science, 46, 807-823.
    • (2000) Management Science , vol.46 , pp. 807-823
    • Kuntz, L.1    Scholtes, S.2
  • 30
  • 31
    • 0001183404 scopus 로고
    • Efficiency estimation from Cobb-Douglas production functions with composed error
    • Meeusen, W., and van den Broeck, J. (1977), "Efficiency Estimation From Cobb-Douglas Production Functions With Composed Error," International Economic Review, 18, 435-444.
    • (1977) International Economic Review , vol.18 , pp. 435-444
    • Meeusen, W.1    Van Den Broeck, J.2
  • 32
    • 0034360329 scopus 로고    scopus 로고
    • Fdh efficiency scores from a stochastic point of view
    • Park, B., Simar, L., and Weiner, C. (2000), "FDH Efficiency Scores From a Stochastic Point of View," Econometric Theory, 16, 855-877.
    • (2000) Econometric Theory , vol.16 , pp. 855-877
    • Park, B.1    Simar, L.2    Weiner, C.3
  • 33
    • 18244401899 scopus 로고    scopus 로고
    • Visualizing efficiency and reference relations in data envelopment analysis with an application to the branches of a German bank
    • DOI 10.1007/s11123-005-1328-5
    • Porembski, M., Breitenstein, K., and Alpar, P. (2005), "Visualizing Efficiency and Reference Relations in Data Envelopment Analysis With an Application to the Branches of a German Bank," Journal of Productivity Analysis, 23 (2), 203-221. (Pubitemid 40630764)
    • (2005) Journal of Productivity Analysis , vol.23 , Issue.2 , pp. 203-221
    • Porembski, M.1    Breitenstein, K.2    Alpar, P.3
  • 34
    • 84977382344 scopus 로고
    • Inputs, outputs, and a theory of production and cost at depository financial institutions
    • Sealey, C., and Lindley, J. (1977), "Inputs, Outputs, and a Theory of Production and Cost at Depository Financial Institutions," Journal of Finance, 32, 1251-1266.
    • (1977) Journal of Finance , vol.32 , pp. 1251-1266
    • Sealey, C.1    Lindley, J.2
  • 36
    • 3543073346 scopus 로고    scopus 로고
    • Detecting outliers in frontier models: A simple approach
    • DOI 10.1023/A:1027308001925
    • Simar, L. (2003), "Detecting Outliers in Frontier Models: A Simple Approach," Journal of Productivity Analysis, 20, 391-424. (Pubitemid 39045900)
    • (2003) Journal of Productivity Analysis , vol.20 , Issue.3 , pp. 391-424
    • Simar, L.1
  • 37
    • 0031677963 scopus 로고    scopus 로고
    • Sensitivity analysis of efficiency scores: How to bootstrap in nonparametric frontier models
    • Simar, L., and Wilson, P.W. (1998), "Sensitivity Analysis of Efficiency Scores: How to Bootstrap in Nonparametric Frontier Models," Management Science, 44, 49-61. (Pubitemid 128569642)
    • (1998) Management Science , vol.44 , Issue.1 , pp. 49-61
    • Simar, L.1    Wilson, P.W.2
  • 38
    • 84925717490 scopus 로고    scopus 로고
    • A general methodology for bootstrapping in non-parametric frontier models
    • (2000a), "A General Methodology for Bootstrapping in Non-Parametric Frontier Models," Journal of Applied Statistics, 27, 779-802.
    • (2000) Journal of Applied Statistics , vol.27 , pp. 779-802
  • 39
    • 0034393216 scopus 로고    scopus 로고
    • Statistical inference in nonparametric frontier models: The state of the art
    • (2000b), "Statistical Inference in Nonparametric Frontier Models: The State of the Art," Journal of Productivity Analysis, 13, 49-78.
    • (2000) Journal of Productivity Analysis , vol.13 , pp. 49-78
  • 40
    • 0033445455 scopus 로고    scopus 로고
    • Technical progress, inefficiency, and productivity change in U.S. banking, 1984-1993
    • Wheelock, D. C., and Wilson, P. W. (1999), "Technical Progress, Inefficiency, and Productivity Change in U.S. Banking, 1984-1993," Journal of Money, Credit, and Banking, 31, 212-234.
    • (1999) Journal of Money, Credit, and Banking , vol.31 , pp. 212-234
    • Wheelock, D.C.1    Wilson, P.W.2
  • 41
    • 0001122676 scopus 로고    scopus 로고
    • New evidence on returns to scale and product mix among us commercial banks
    • (2001), "New Evidence on Returns to Scale and Product Mix Among US Commercial Banks," Journal of Monetary Economics, 47, 115-132.
    • (2001) Journal of Monetary Economics , vol.47 , pp. 115-132
  • 42
    • 50049088493 scopus 로고    scopus 로고
    • Non-parametric, unconditional quantile estimation for efficiency analysis with an application to federal reserve check processing operations
    • (2008), "Non-Parametric, Unconditional Quantile Estimation for Efficiency Analysis With an Application to Federal Reserve Check Processing Operations," Journal of Econometrics, 145, 209-225.
    • (2008) Journal of Econometrics , vol.145 , pp. 209-225
  • 43
    • 65649123186 scopus 로고
    • Detecting outliers in deterministic nonparametric frontier models with multiple outputs
    • Wilson, P. W. (1993), "Detecting Outliers in Deterministic Nonparametric Frontier Models With Multiple Outputs," Journal of Business & Economic Statistics, 11, 319-323.
    • (1993) Journal of Business & Economic Statistics , vol.11 , pp. 319-323
    • Wilson, P.W.1
  • 44
    • 0002937376 scopus 로고
    • Detecting influential observations in data envelopment analysis
    • (1995), "Detecting Influential Observations in Data Envelopment Analysis," Journal of Productivity Analysis, 6, 27-45.
    • (1995) Journal of Productivity Analysis , vol.6 , pp. 27-45
  • 45
    • 51249084996 scopus 로고    scopus 로고
    • FEAR: A software package for frontier efficiency analysis with R
    • (2008), "FEAR: A Software Package for Frontier Efficiency Analysis With R," Socio-Economic Planning Sciences, 42, 247-254.
    • (2008) Socio-Economic Planning Sciences , vol.42 , pp. 247-254
  • 46
    • 10044226367 scopus 로고    scopus 로고
    • Nonparametric analysis of returns to scale in the US hospital industry
    • DOI 10.1002/jae.801
    • Wilson, P. W., and Carey, K. (2004), "Nonparametric Analysis of Returns to Scale and Product Mix Among US Hospitals," Journal of Applied Econometrics, 19, 505-524. (Pubitemid 39604551)
    • (2004) Journal of Applied Econometrics , vol.19 , Issue.4 , pp. 505-524
    • Wilson, P.W.1    Carey, K.2


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.