The Total Factor Productivity Growth and Convergence Analysis for China's Commercial Banks
利用全球Malmquist-Luenberger生产率指数，在不良贷款约束下重新估计2001-2010年中国商业银行的全要素生产率及其成分，发现平均增长0.73%，股份制银行优于国有银行，且生产率呈收敛趋势。
This paper constructs the global Malmquist -Luenberger productivity index,and then applies the index to re - estimate the total factor productivity and its components of China's commercial banks during 2001～2010 under the constraint of non -performing loans,and examines its convergence.The results show;The average TFP growth of China's commercial banks is 0.73%,and the TFP of the joint - stock banks is better than that of state - owned banks,which is mainly due to the improvement of technical progress.The reforms of banking system have an active effect on improving the technical efficiency,but the influence will be gradually decreased, in response to the global financial crisis,the macro - control policy and prudential regulation have negative effect on technical progress of China's commercial banks.The TFP of China's commercial banks shows convergence trend,the structure optimization of non - interest income is contributive to increase the productivity growth of state - owned banks;the cost reduction can promote the convergence of joint - stock banks.