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Economies of scale and scope in Korea's banking industry : Evidence from the fourier flexible form

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  • Economies of scale and scope in Korea's banking industry
  • Chung, Unchan; Jung, Jeeman; Ham, Shee-Chang; Kim, Gyuhan
  • The Association of Korean Economic Studies


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Title Economies of scale and scope in Korea's banking industry
Similar Titles
Sub Title

Evidence from the fourier flexible form

Material Type Articles
Author(English)

Chung, Unchan; Jung, Jeeman; Ham, Shee-Chang; Kim, Gyuhan

Publisher

[Seoul]:The Association of Korean Economic Studies

Date 2001
Journal Title; Vol./Issue The Journal of the Korean Economy:vol. 2(no. 1)
Pages 25
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Financial Policy
Holding AKES

Abstract

This paper examines the efficiency of the Korean banking industry by studying both economies of scale and scope. The Fourier cost function, which is globally flexible, was used to estimate several efficiency measures. The findings of this paper are as follows. First, different data and models can lead to considerable differences. Second, the Fourier flexible functional form is more suitable for estimating an unknown cost function. Third, economies of scale were found in the Korean banking industry, with larger banks being more likely to have a higher scale efficiency than smaller ones. Fourth, the existence of economies of scope was somewhat inconclusive, as results varied across different models.