Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/129708 
Year of Publication: 
2015
Series/Report no.: 
Sveriges Riksbank Working Paper Series No. 296
Publisher: 
Sveriges Riksbank, Stockholm
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

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