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The Luenberger indicator and productivity growth: A note on the European savings banks sector


Williams, Jonathan; Peypoch, Nicolas; Barros, Carlos Pestana


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Abstract We employ the Luenberger productivity indicator to estimate productivity growth and its decomposition into technical change and efficiency change components for savings banks sectors in ten EU countries between 1996 and 2003. The Luenberger indicator requires less restrictive assumptions than standard non-parametric productivity indexes, and it allows the assumption of profit maximisation to be made for sample firms. We estimate average productivity growth in the savings banks sector to be 2.78 percent per annum and driven almost entirely by technical change. Whilst the general results confirm earlier findings, this study is one of the earliest to identify cross-border differences in productivity growth in the savings banks sector.
Klassifikation Volkswirtschaftstheorie; Wirtschaftssektoren
Sprache Dokument Englisch
Publikationsjahr 2009
Seitenangabe S. 747-755
Zeitschriftentitel Applied Economics, 43 (2009) 6
DOI http://dx.doi.org/10.1080/00036840802599859
ISSN 1466-4283
Status Postprint; begutachtet (peer reviewed)
Lizenz PEER Licence Agreement (applicable only to documents from PEER project)