Malmquist Indices Of Pre- And Post-Deregulation Productivity, Efficiency And Technological Change In The Singaporean Banking Sector

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Author(s)
Lee, Boon L
Worthington, Andrew C
Leong, Wai Ho
Griffith University Author(s)
Year published
2010
Metadata
Show full item recordAbstract
By the end of the 1990s, the Singaporean government had recognised the need to open up its banking sector so as to remain competitive in the global economy. The Monetary Authority of Singapore (MAS) thus began deregulation of the banking sector in 1999 to strengthen the competitiveness of local banks relative to their foreign competitors through mergers. This paper employs a nonparametric Malmquist productivity index to provide measure of productivity, technological change and efficiency gains over the period 1995-2005. The findings reveal some total factor productivity growth associated with deregulation and scale efficiency ...
View more >By the end of the 1990s, the Singaporean government had recognised the need to open up its banking sector so as to remain competitive in the global economy. The Monetary Authority of Singapore (MAS) thus began deregulation of the banking sector in 1999 to strengthen the competitiveness of local banks relative to their foreign competitors through mergers. This paper employs a nonparametric Malmquist productivity index to provide measure of productivity, technological change and efficiency gains over the period 1995-2005. The findings reveal some total factor productivity growth associated with deregulation and scale efficiency improvement largely from mergers amongst the local banks.
View less >
View more >By the end of the 1990s, the Singaporean government had recognised the need to open up its banking sector so as to remain competitive in the global economy. The Monetary Authority of Singapore (MAS) thus began deregulation of the banking sector in 1999 to strengthen the competitiveness of local banks relative to their foreign competitors through mergers. This paper employs a nonparametric Malmquist productivity index to provide measure of productivity, technological change and efficiency gains over the period 1995-2005. The findings reveal some total factor productivity growth associated with deregulation and scale efficiency improvement largely from mergers amongst the local banks.
View less >
Journal Title
The Singapore Economic Review
Volume
55
Issue
4
Copyright Statement
Electronic version of an article published in The Singapore Economic Review (SER), 55(4), 2010, pp. 599-618, http://dx.doi.org/10.1142/S0217590810003948 Copyright World Scientific Publishing Company http://www.worldscinet.com/ser/ser.shtml
Subject
Economics
Financial institutions (incl. banking)