Regulatory Reform and Productivity Change in Indian Banking
研究了1992-2009年印度银行业监管改革对生产率增长的影响，发现生产率持续增长主要源于技术进步，且不同所有制银行对经营环境变化的反应不同，外资银行技术成为行业标杆。
This paper examines the impact of regulatory reform on productivity growth and its components for Indian banks in 1992-2009. We estimate parametric and non-parametric efficiency frontiers, followed by Divisia and Malmquist indexes of Total Factor Productivity respectively. To account for technology heterogeneity among ownership types we utilise a metafrontier approach. Results are consistent across methodologies and show sustained productivity growth, driven mainly by technological progress. Furthermore, results indicate that different ownership types react differently to changes in the operating environment. The position of foreign banks becomes increasingly dominant and their production technology becomes the best practice in the industry.