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
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
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