Measuring Total Productivity in Lisbon Tax Offices with a Malmquist Index

Carlos Barros

Review of Business and Economic Literature, 2006, vol. LI, issue 1, 25-46

Abstract: This paper reviews the empirical literature on the degree of financial integration in EMU and analyzes whether the process of integration accelerated with the introduction of the Euro. If the launch of EMU expedited financial integration, this affected pricing of assets and optimal portfolio allocation. We focus on the Euro area sovereign bond market, the money market and the stock markets and review whether the pricing of assets converged to a mechanism of EMU-pricing. Furthermore, we discuss the impact of EMU on portfolio adjustments. Finally, we look at the evolution of the cost of capital and the risk sharing capacity of the EMU market.

Keywords: Lisbon; tax agencies; efficiency; Malmquist index; Tobit analysis (search for similar items in EconPapers)
Date: 2006
References: Add references at CitEc
Citations: View citations in EconPapers (5)

Downloads: (external link)
http://feb.kuleuven.be/rebel/jaargangen/2001-2010/ ... 2006-1_02_Barros.pdf

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ete:revbec:20060102

Access Statistics for this article

More articles in Review of Business and Economic Literature from KU Leuven, Faculty of Economics and Business (FEB), Review of Business and Economic Literature Contact information at EDIRC.
Bibliographic data for series maintained by library EBIB ().