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Title: Productivity growth decomposition with FEIV approach: Rethinking Thai commercial banks after the financial crisis
Authors: Rangkakulnuwat, P. 
Wang, H. Holly 
Keywords: Distance function;Fixed effect;Instrumental variables;Productivity growth;Thai commercial banks
Issue Date: 2011
Publisher: Scopus
University of the Thai Chamber of Commerce
Source: P. Rangkakulnuwat, H. Holly Wang (2011) Productivity growth decomposition with FEIV approach: Rethinking Thai commercial banks after the financial crisis. Economic Modelling, Vol.28 No.6, 2579-2588.
Journal: Economic Modelling, 
Abstract: To cope with the Asian Financial Crisis, Thai commercial banks have gone through a reconstructing period. This study aims to decompose the Total Factor Productivity growth (TFP) for Thai commercial banking industry with an output distance function.With an unbalanced panel dataset, we used the Fixed Effect (FE) model with Instrumental Variables (IV) to estimate the TFP growth empirically. We found the technical inefficiency change and scale effects were the two major contributors to the recent growth, while the input price effect of the premises and equipment was the major preventer of the growth. Moreover, the Thaicommercial banking industry produced in decreasing return to scale, and the inputoutput allocation was not at the profit maximization optimum under the exogenous prices.
Rights: This work is protected by copyright. Reproduction or distribution of the work in any format is prohibited without written permission of the copyright owner.
Appears in Collections:RSO: Journal Articles

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