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Bank cost efficiency in Kazakhstan and Russia
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In this article, a stochastic frontier approach based on a panel data for 2002-6 is used to estimate cost efficiency of the Kazakhstan and Russian banks, and it is found that the banks in both countries operate below their optimal size.Abstract:
In this paper, we estimate cost efficiency of the Kazakhstan and Russian banks. A stochastic frontier approach based on a panel data for 2002–6 is used. The Kazakhstan banking system is traditionally assumed to be more advanced compared to the Russian system. Empirically we do not find any significant differences in the cost efficiency of banks between these two countries during the period of our study. This result is found to be quite robust across several alternative and competing models. We also find that many of the banks in both countries operate below their optimal size.read more
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References
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Measuring the efficiency of decision making units
TL;DR: A nonlinear (nonconvex) programming model provides a new definition of efficiency for use in evaluating activities of not-for-profit entities participating in public programs and methods for objectively determining weights by reference to the observational data for the multiple outputs and multiple inputs that characterize such programs.
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Formulation and estimation of stochastic frontier production function models
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Efficiency Estimation from Cobb-Douglas Production Functions with Composed Error
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A Model for Technical Inefficiency Effects in a Stochastic Frontier Production Function for Panel Data
George E. Battese,Tim Coelli +1 more
TL;DR: In this paper, a stochastic frontier production function is defined for panel data on firms, in which the nonnegative technical inefficiency effects are assumed to be a function of firm-specific variables and time.