Technical Efficiency in a Semi-Formal Financial Sector: The Case of Mexico

Autor:	Julia Paxton
Rok vydání:	2007
Předmět:	Statistics and Probability Economics and Econometrics Economic growth Financial intermediary Financial ratio Outreach Frontier Loan Development economics Financial analysis Economics Statistics Probability and Uncertainty Marginal utility Productivity Social Sciences (miscellaneous)
Zdroj:	Oxford Bulletin of Economics and Statistics. 69:57-74
ISSN:	1468-0084 0305-9049
Popis:	The semi‐formal financial sector in Mexico is playing an increasingly important role in serving a largely poor, rural clientele. A stochastic frontier with non‐monotonic marginal effects [Wang, Journal of Productivity Analysis (2002), Vol. 18, pp. 241–253] reveals a wide disparity in technical efficiency levels among 190 Mexican semi‐formal financial intermediaries. The results show that technology, average loan size, rural outreach and institutional age are all positively associated with technical efficiency. The marginal effects vary widely and, in some cases, the effects are non‐monotonic over percentile groups. The results indicate that strengthening younger, technologically undeveloped financial institutions will have the strongest marginal benefit in revitalizing the rural financial sector.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::d2c4838d7fe0abdf14cc6be2b5ee6de4 https://doi.org/10.1111/j.1468-0084.2007.00466.x Zobrazit plný text záznamu Plný text ve formátu PDF