LONG-RUN ESTIMATES OF TECHNOLOGICAL-CHANGE AND SCALE ECONOMIES IN A DYNAMIC FRAMEWORK - AUSTRALIAN PERMANENT BUILDING SOCIETIES, 1974-1990

被引：11

作者：

ESHO, N ^{[1
]}

SHARPE, IG ^{[1
]}

机构：

[1] UNIV NEW S WALES,SCH BANKING & FINANCE,KENSINGTON,NSW 2033,AUSTRALIA

来源：

JOURNAL OF BANKING & FINANCE | 1995年 / 19卷 / 07期

关键词：

LONG-RUN; TECHNOLOGY; SCALE; DYNAMIC; AUSTRALIAN;

D O I：

10.1016/0378-4266(94)00075-E

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

This paper formulates and estimates a dynamic model to investigate the characteristics of the cost function of Australian Permanent Building Societies. While the results suggest that the societies adjust costs quickly to long-run levels, the modelling of cost dynamics is shown to have a significant influence on estimates of scale economies, and on the identification of the timing of shifts in the cost frontier and changes in the growth of total factor productivity.

引用

页码：1135 / 1157

页数：23

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