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Productividad, competencia e innovación en la banca privada española (1900–1914)

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Listed:
  • Cuadras-Morató, Xavier
  • Castro, Ángel S. Fernández
  • Rosés, Joan R.

Abstract

Employing DEA productivity analysis and the Malmquist index, this article investigates the productivity differences and its sources across a set of banks during the last years of the liberal era of the Spanish banking system (1900–1914), which was characterised by major qualitative and quantitative changes in the banking industry. We find evidence of an overall increase in efficiency consequence of increasing competition across banks. Also, our estimates suggest that differences in productivity could serve to explain, at least in part, the subsequent evolution of the different regional banking groups.

Suggested Citation

  • Cuadras-Morató, Xavier & Castro, Ángel S. Fernández & Rosés, Joan R., 2002. "Productividad, competencia e innovación en la banca privada española (1900–1914)," Revista de Historia Económica / Journal of Iberian and Latin American Economic History, Cambridge University Press, vol. 20(3), pages 543-575, December.
    • Handle: RePEc:cup:reveco:v:20:y:2002:i:03:p:543-575_01
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    References listed on IDEAS

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    1. Grabowski, Richard & Rangan, Nanda & Rezvanian, Rasoul, 1994. "The effect of deregulation on the efficiency of U.S. banking firms," Journal of Economics and Business, Elsevier, vol. 46(1), pages 39-54, February.
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    More about this item

    JEL classification:

    • G30 - Financial Economics - - Corporate Finance and Governance - - - General
    • L80 - Industrial Organization - - Industry Studies: Services - - - General
    • N24 - Economic History - - Financial Markets and Institutions - - - Europe: 1913-
    • N84 - Economic History - - Micro-Business History - - - Europe: 1913-

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