@article{Efficiency:1318,
      recid = {1318},
      author = {Allen, Jason and Liu, Ying},
      title = {Efficiency and Economies of Scale of Large Canadian Banks},
      publisher = {Bank of Canada},
      address = {2005},
      pages = {1 online resource (v, 24 pages)},
      abstract = {The authors measure the economies of scale of Canada's six  largest banks and their costefficiency over time. Using a  unique panel data set from 1983 to 2003, they estimate  pooled translog cost functions and derive measures of  relative efficiency and economies of scale. The  disaggregation of the data allows the authors to model  Canadian banks as producing multiple outputs, including  non-traditional activities. Given the long time span of the  data set, they also incorporate technological and  regulatory changes in the banks' cost functions, as well as  timevarying bank-specific effects. The authors' model leads  them to reject constant returns to scale. These findings  suggest that there are potential scale benefits in the  Canadian banking industry. The authors also find that  technological and regulatory changes have had significant  positive effects on the banks' cost structure.},
      url = {http://www.oar-rao.bank-banque-canada.ca/record/1318},
      doi = {https://doi.org/10.34989/swp-2005-13},
}