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| Tekijä: | Isik, I. Hassan, K. |
| Otsikko: | Financial deregulation and total factor productivity change: An empirical study of Turkish commercial banks |
| Lehti: | Journal of Banking and Finance
2003 : AUG, VOL. 27:8, p. 1455-1485 |
| Asiasana: | Banking Efficiency Productivity Deregulation Liberalization Turkey Models |
| Kieli: | eng |
| Tiivistelmä: | In January 1980, a new liberal economic policy was adopted in Turkey to promote financial market development and increase the efficiency and productivity of the financial sector by fostering competition among banks. As a result of this policy, the Turkish banking system witnessed a series of legal, structural and institutional changes. Utilizing a DEA-type Malmquist Total Factor Productivity Change Index, this study examines productivity growth, efficiency change, and technical progress in Turkish commercial banks during the deregulation of financial markets in Turkey. It is found that all forms of Turkish banks, although in different magnitudes, have recorded significant productivity gains driven mostly by efficiency increases rather than technical progress. |
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