Bank Privatization and Productivity: Evidence for Brazil

Marcio Nakane and Daniela Weintraub

No 90, Working Papers Series from Central Bank of Brazil, Research Department

Abstract: Over the last decade, the Brazilian banking industry has undergone major and deep transformations with several privatizations of state-owned banks, mergers and acquisitions, closing down of troubled banks, entry by foreign banks, etc. The purpose of this paper is to evaluate the impacts of these changes in banking total factor productivity. We first obtain measures of bank level productivity by employing the techniques due to Levinsohn and Petrin (2003). We then relate such measures to a set of bank characteristics. Our main results indicate that state-owned banks are less productive than their private peers, and that privatization has increased productivity.

Date: 2004-12
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Citations: View citations in EconPapers (7)

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Related works:
Journal Article: Bank privatization and productivity: Evidence for Brazil (2005)
Working Paper: Bank privatization and productivity: evidence for Brazil (2005)
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