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dc.contributor.authorAlmanidis, Pavlos
Karagiannis, Giannis
Sickles, Robin C.
dc.date.accessioned 2015-02-27T21:50:06Z
dc.date.available 2015-02-27T21:50:06Z
dc.date.issued 2015
dc.identifier.citation Almanidis, Pavlos, Karagiannis, Giannis and Sickles, Robin C.. "Semi-nonparametric spline modifications to the Cornwell–Schmidt–Sickles estimator: an analysis of US banking productivity." Empirical Economics, 48, no. 1 (2015) Springer: 169-191. http://dx.doi.org/10.1007/s00181-014-0890-y.
dc.identifier.urihttps://hdl.handle.net/1911/79048
dc.description.abstract This paper modifies the Cornwell, Schmidt and Sickles [CSS (J Econom 46:185–200, 1990)] time-varying specification of technical efficiency to allow for switching patterns in temporal changes, which may occur more than once during the sample period. For this purpose, we move from the (second-order) polynomial specification of the standard CSS to a spline function setup, while keeping CSS’s flexibility regarding the cross-sectional dimension. The spline function specification of the temporal pattern of technical efficiency can accommodate more than one turning point and thus can be non-monotonic. This allows the modeler to account for firm or individual efficiency gains that can occur relatively quickly, for example, changes related to regulation or policy changes, as well as those related to ownership/organization changes (e.g., merger or acquisitions).
dc.language.iso eng
dc.publisher Springer
dc.rights This is an author's peer-reviewed final manuscript, as accepted by the publisher. The published article is copyrighted by Springer.
dc.title Semi-nonparametric spline modifications to the Cornwell–Schmidt–Sickles estimator: an analysis of US banking productivity
dc.type Journal article
dc.citation.journalTitle Empirical Economics
dc.subject.keywordCornwell-Schmidt-Sickles Estimator
time-varying efficiency
spline functions
semi-parametric estimation
dc.citation.volumeNumber 48
dc.citation.issueNumber 1
dc.type.dcmi Text
dc.identifier.doihttp://dx.doi.org/10.1007/s00181-014-0890-y
dc.type.publication post-print
dc.citation.firstpage 169
dc.citation.lastpage 191


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