The Effects of the 2000-2001 Financial Crisis to the Total Factor Productivity and Efficiency of Turkish Non-Bank Financial Sector

Journal of Academic Studies, Vol. 7, No. 28, February 2006

23 Pages Posted: 7 Dec 2007

Abstract

The financial sector which play a crucial role in the economy by intermediating the transfer of savings to productive investment opportunities is among the sectors that is affected deeply from financial crises. Financial crises result in a shrinkage of the total amount of the financial sector's intermediation facilities and therefore decrease the productivity and efficiency of the financial sector. In this study the effects of the 2000-2001 financial crisis to the productivity and efficiency of the Turkish non-bank financial sector is analysed. The Malmquist Total Factor Productivity Index, constructed using nonparametric linear programming methods, is employed for the analysis. Analysis showed that the 2000-2001 financial crisis negatively affected the productivity and efficiency of the Turkish non-bank financial sector.

Note: Downloadable document is in Turkish.

Keywords: financial crisis, 2000-2001 financial crisis of Turkey, non-bank financial sector, Malmquist Total Factor Productivity Index, productivity, efficiency

JEL Classification: C67, E32, G22, G23

Suggested Citation

Basti, Eyup, The Effects of the 2000-2001 Financial Crisis to the Total Factor Productivity and Efficiency of Turkish Non-Bank Financial Sector. Journal of Academic Studies, Vol. 7, No. 28, February 2006, Available at SSRN: https://ssrn.com/abstract=1047901

Eyup Basti (Contact Author)

Fatih University ( email )

Istanbul
Turkey

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