Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/129708
Authors: 
Bos, Jaap W. B.
van Santen, Peter C.
Year of Publication: 
2015
Series/Report no.: 
Sveriges Riksbank Working Paper Series 296
Abstract: 
To what extent has input reallocation contributed to aggregate productivity growth in the banking sectors of Europe and the United States? Interestingly, under-performing banks capture market share, while more productive banks lose market share, in particular in the US. The pattern of reallocation is markedly different between the geographical regions: European productivity has grown by reallocating inputs through the first half of the sample period, at the same time when reallocation diminished growth in the US. The long-run positive effects of creative destruction are especially apparent in the US, where reallocation is an important driver of increases in productivity.
Subjects: 
reallocation
productivity growth
efficiency
banking
JEL: 
O47
O30
D24
C24
Document Type: 
Working Paper

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.