Effects of Financial Capital on Colombian Banking Efficiency

Borradores de Economia
Number: 
292
Published: 
Classification JEL: 
C23, D24, G21, L11
Keywords: 
Human capital agglomeration, Social returns, Private returns, Externalities, Uncertainty, Fiscal policy
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In this paper we discuss cost and profit efficiency for a sample of financial institutions on the Colombian financial market in the period 1989-2003, using stochastic frontier efficiency analysis. During the period, the cost efficient frontier deteriorate