Bank privatization and productivity: evidence for Brazil

Marcio Nakane and Daniela B. Weintraub

No 3666, Policy Research Working Paper Series from The World Bank

Abstract: Over the past 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, and so on. The purpose of this paper is to evaluate the impacts of these changes in banking on total factor productivity. The authors first obtain measures of bank level productivity by employing the techniques due to Levinsohn and Petrin (2003). They then relate such measures to a set of bank characteristics. Their main results indicate that state-owned banks are less productive than their private peers, and that privatization has increased productivity.

Date: 2005-07-01
New Economics Papers: this item is included in nep-eff and nep-fmk
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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 (2004)
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Persistent link: https://EconPapers.repec.org/RePEc:wbk:wbrwps:3666

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