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Title:Post-crisis cost efficiency of Jamaican banks PDF Logo
Authors:Daley, Jenifer
Matthews, Kent
Zhang, Tiantian
Issue Date:2011
Series/Report no.:Cardiff Economics Working Papers E2011/27
Abstract:Deregulation, re-regulation and continuing globalisation embody an imperative that banks increase efficiency in order to survive. We employ the Simar-Wilson (2007) two-step double bootstrap Data Envelopment Analysis method to measure whether cost efficiency among Jamaican banks has improved between 1999 and 2009 following a number of post-crisis responses aimed at strengthening and improving the sector. Efficiency is extracted from a meta-frontier construction for the full sample period. In addition we conduct tests for unconditional beta- and sigma-convergence and overall, the results suggest that there has been a tendency towards improvement in bank efficiency levels for the industry as a whole but there is also evidence that foreign banks show a higher trend improvement in efficiency.
Subjects:bank efficiency
DEA
bootstrap
convergence
Jamaica
JEL:G21
G28
Document Type:Working Paper
Appears in Collections:Cardiff Economics Working Papers

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