Effects of the single market on the Austrian insurance industry

被引：3

作者：

Bernhard Mahlberg

Thomas Url

机构：

[1] Vienna Univ. of Econ./Bus. Admin., Research Inst. for European Affairs

[2] Austrian Institute of Economic Res., Vienna 1103

来源：

Empirical Economics | 2003年 / 28卷 / 4期

关键词：

Bancassurance; Data envelopment analysis; European integration; Panel regression;

D O I：

10.1007/s00181-003-0164-6

中图分类号：

学科分类号：

摘要：

The integration of European services markets and the implementation of associated European Union directives open up formerly closed national markets to competition from the Single Market. The purpose of this study is to measure the effects of liberalization on technical efficiency and the productivity development of the insurance industry. As an example we construct efficiency frontiers for the years 1992 through 1999 for the Austrian insurance industry using Data Envelopment Analysis. We use the resulting efficiency scores also to construct a Malmquist productivity index for the transition period. In search for effects from the Single Market, returns to scale, economies of diversification, and distribution channels we relate efficiency and productivity measures to several firm specific characteristics. For this purpose we use unbalanced and balanced panels of individual firm data.

引用

页码：813 / 838

页数：25

共 30 条

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