Determinants of Bank Efficiency in the Transition Economies in Europe: A Comparison of Frontier Techniques with Panel Data

2009 ◽  
Author(s):  
Meryem Duygun Fethi ◽  
Karligash Kenjegalieva ◽  
Mohamed Shaban
Keyword(s):  
Panel Data ◽  
Transition Economies ◽  
Bank Efficiency

Bank lending channel and banking sector efficiency: panel data of Egypt

2018 ◽  
Vol 13 (5) ◽  
pp. 1291-1310 ◽  
Author(s):  
Mohamed Aseel Shokr ◽  
Anwar Al-Gasaymeh
Keyword(s):  
Monetary Policy ◽  
Panel Data ◽  
Banking Sector ◽  
Generalized Method Of Moments ◽  
Bank Lending ◽  
Bank Loan ◽  
Bank Lending Channel ◽  
Bank Efficiency ◽  
Content Type ◽  
Lending Channel

Purpose The purpose of this paper is to examine the relevance of the bank lending channel (BLC) of monetary policy and the bank efficiency in Egypt. Design/methodology/approach This paper examines the effectiveness of bank lending channel using generalized method of moments GMM model during the period from 1996 to 2014. Also, it uses stochastic frontier approach (SFA) to examine the bank efficiency in Egypt. Findings This study supports the relevance of the BLC using panel data. Moreover, applying SFA, this paper computes cost efficiency taking account of both time and country effects directly. The finding suggests that banks with low inflation and high GDP tend to perform more efficiently. Research limitations/implications The limitation of the study is examining one country only. Practical implications The finding signals that the Central Bank of Egypt (CBE) should adjust interest rate in order to stabilize the bank loan supply. Social implications It is important for the CBE and Egyptian banks because it highlights the importance of BLC. Originality/value It examines one channel of monetary policy and bank efficiency in Egypt.

scholarly journals Material Well-being and Happiness in Transition Countries

2017 ◽  
Vol 20 (2) ◽  
pp. 21-32 ◽  
Author(s):  
Marko Družić ◽  
Martina Majstorović
Keyword(s):  
Panel Data ◽  
Transition Economies ◽  
Full Employment ◽  
Well Being ◽  
Transition Countries ◽  
Additional Research ◽  
Gdp Growth ◽  
Macroeconomic Variables ◽  
The World ◽  
The Subject

Abstract The purpose of this paper is to further the research of the connection between material well-being and happiness in transition economies. We analyzed panel data obtained from the World Database of Happiness and Eurostat. Our results indicate that out of all the major macroeconomic variables (GDP, employment, inflation, taxes etc.), the most significant (and the only stable) predictor of changes in happiness in transition countries is the level of employment. The results are consistent with a hypothesis of a still prevalent “socialist mentality” in the analyzed sample of countries which are all formerly socialist economies that typically place high (or full) employment as the highest economic priority (as opposed to GDP growth, low inflation etc.). Our results differ from the conclusions of the few studies done on this sample of countries, which suggests additional research on the subject is likely required.

scholarly journals Relationship between Economic Freedom and Economic Growth in Some Selected Transition Economies: A Panel Data Analysis

2015 ◽  
Author(s):  
Hakan Türkay
Keyword(s):  
Economic Growth ◽  
Data Analysis ◽  
Panel Data ◽  
Transition Economies ◽  
Economic Freedom ◽  
Panel Data Analysis ◽  
Negative Relationship ◽  
Economies In Transition ◽  
Economic Freedom Index ◽  
Fraser Institute

This study estimated the influence of economic freedom in transition economies between the years 2000-2012 on economic growth by using panel data analysis. Economic freedom index developed by Fraser Institute was used in the study. The index values prepared by this institute do not cover all economies in transition. In addition, there is missing data for the periods that the study covers in terms of some countries. Thus, the analysis uses the data about 15 economies in transition. The study was conducted within the scope of two different models. In one of these models, the global economic crisis of 2009 was also included. As a conclusion, a negative relationship was found between economic freedom and economic growth when the crisis was not included; however, there was a positive but statistically insignificant relationship when the crisis was taken into consideration.

scholarly journals STOCK MARKET DEVELOPMENT IN CEE COUNTRIES – THE PANEL DATA ANALYSIS

Ekonomika ◽  
2010 ◽  
Vol 89 (3) ◽  
pp. 20-29 ◽  
Author(s):  
Radosław Kurach
Keyword(s):  
Panel Data ◽  
Stock Market ◽  
Transition Economies ◽  
System Development ◽  
Panel Data Analysis ◽  
Market Development ◽  
Necessary Condition ◽  
Market Segment ◽  
Stock Market Development ◽  
Long Run

Since financial system development is a necessary condition of the long-run economic growth, in this paper we address the question about the factors that may drive in particular the development of stock market segment. We propose a set of potential determinants and then empirically verify their importance, employing panel data methodology. We focus our attention on the thirteen CEE states and look for the conclusions that may be specific for transition economies in this region. Finally, we formulate the finding that large budget deficitshave affected significantly and adversely the CEE countries’ stock markets growth.p>

scholarly journals IMF programs and policies assessment in the transition economies during the transition and the post-transition period

2016 ◽  
Vol 3 (2) ◽  
pp. 102-127
Author(s):  
Sotirios K. Bellos
Keyword(s):  
Panel Data ◽  
Transition Economies ◽  
Impact Evaluation ◽  
Transition Period ◽  
Transition Countries ◽  
Export Promotion ◽  
Financial Assistance ◽  
Imf Programs ◽  
Fdi Attraction

Abstract We analyze empirically whether IMF financial assistance in 31 transition countries, during the transition and the post-transition period, has achieved the purposes stated in the IMF's own articles of agreement, namely employment enhancement, confidence provision and export promotion. By employing panel data and impact evaluation analysis, we find that IMF presence persistently fails to be correlated with upgrades in sovereign rating, FDI attraction and employment improvement. By focusing on specific IMF policies, we present some intriguing results, which reveal whether these individual policies actually contribute to the achievement of the official IMF purposes or not.

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