This paper investigates the effect of technical change on the costs of banking firms operating in 11 Central and Eastern European countries using Fourier-flexible cost function specification for the period 1995-2002. A common cost frontier with country-specific variables is employed in order to...

This paper employs the Malmquist total factor productivity (TFP) index to examine the total factor productivity change in the life and non-life branches of the Turkish insurance sector for the period 2000-2005. The Malmquist productivity index is decomposed into two components: the efficiency...