Scale Economies in the N.S.W. Permanent Building Society Industry

Harvey R. Crapp
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Harvey R. Crapp: Kuring-gai College of Advanced Education. Support from the Centre for Securities Industries Studies at Kuring-gai College of Advanced Education is gratefully acknowledged. The technical assistance of Linda Allingham and the helpful comments on earlier drafts by Bruce Rosser, Zoltan Matolcsy and an anonymous referee, were appreciated. The usual disclaimer applies.

Australian Journal of Management, 1982, vol. 7, issue 1, 33-48

Abstract: The cost relationships of Building Societies in New South Wales are examined with a view to determining the existence of scale economies. A series of cost equations for each year from 1976 to 1980 inclusive are estimated assuming the underlying production function is Cobb-Douglas. Through the process of examining these cost relationships a rigorous methodology for evaluating scale economies is developed. The existence of scale economies is established as well as a marginal decline in the magnitude of scale economies over the study period.

Keywords: BUILDING SOCIETIES; COBB-DOUGLAS; SCALE ECONOMIES (search for similar items in EconPapers)
Date: 1982
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Persistent link: https://EconPapers.repec.org/RePEc:sae:ausman:v:7:y:1982:i:1:p:33-48

DOI: 10.1177/031289628200700104

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