Post-crisis cost efficiency of Jamaican banks

Jenifer Daley, Kent Matthews and Tiantian Zhang

Applied Financial Economics, 2013, vol. 23, issue 20, 1599-1607

Abstract: Deregulation, re-regulation and continuing globalization embody an imperative that banks increase efficiency in order to survive. We employ the Simar-Wilson (2007) two-step double bootstrap Data Envelopment Analysis (DEA) method to measure whether cost efficiency among Jamaican banks has improved between 1998 and 2009 following a number of post-crisis responses aimed at strengthening and improving the sector. Efficiency is extracted from a meta-frontier construction for the full sample period. In addition, we conduct tests for unconditional β -convergence and σ -convergence ; overall, the results suggest that there has been a tendency towards improvement in bank efficiency levels for the industry as a whole, but there is also evidence that foreign banks show a higher trend improvement in efficiency.

Date: 2013
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Working Paper: Post-crisis cost efficiency of Jamaican banks (2011)
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DOI: 10.1080/09603107.2013.839861

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