Efficiency and productivity growth in the banking industry of Central and Eastern Europe.

摘要: Abstract We employ the directional technology distance function and provide estimates of bank efficiency productivity change across Central Eastern European (CEE) countries banks with different ownership status for period 1998–2003. Our results demonstrate strong links competition concentration efficiency. They also show that whole region initially declined but has improved more recently further progress on institutional structural reforms. Input-biased technical been consistently positive throughout entire suggesting reforms have induced favorable changes in relative input prices mix. However we find evidence diverging trends growth patterns banking industries foreign outperform domestic private state-owned both terms gains. Overall, CEE is driven by technological rather than change.