A note on efficiency and productivity growth in the Korean Banking Industry, 1992–2002 |
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| Institution: | 1. Department of Biochemistry & Microbiology, Oklahoma State University Center for Health Sciences, Tulsa, OK, USA;2. National Research Council Canada, McGill University, Montréal, Québec, Canada;3. Department of Chemistry, Microbiology & Immunology, McGill University, Montréal, Québec, Canada;1. School of Economics and Management, Beihang University, Beijing 100191, PR China;2. Foisie School of Business, Worcester Polytechnic Institute, Worcester, MA 01609, USA |
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| Abstract: | In this paper we present estimates of Korean bank inefficiency and productivity change for the period 1992–2002 that are derived from the directional technology distance function. Our method controls for loan losses that are an undesirable by-product arising from the production of loans and allows the aggregation of individual bank inefficiency and productivity growth to the industry level. Our findings indicate that technical progress during the period was more than enough to offset efficiency declines so that the banking industry experienced productivity growth. |
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