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dc.coverage.spatialMedellín de: Lat: 06 15 00 N degrees minutes Lat: 6.2500 decimal degrees Long: 075 36 00 W degrees minutes Long: -75.6000 decimal degreeseng
dc.creatorSánchez González, Jim
dc.creatorRestrepo Tobón, Diego
dc.creatorRamírez Hassan, Andrés
dc.date.available2018-10-05T19:33:47Z
dc.date.issued2018-08-27
dc.identifier.urihttp://hdl.handle.net/10784/12964
dc.description.abstractIn modeling bank failure, estimating inefficiency separately from the hazards modelresults in inefficient, biased, and inconsistent estimators. We develop a method to si-multaneously estimate a stochastic frontier model and a hazards model using Bayesiantechniques. This method overcomes issues related to two-stage estimation methods,allows for computing the marginal effects of the inefficiency over the probability offailure, and facilitates statistical inference of the functions of the parameters such aselasticities, returns to scale, and individual inefficiencies. Simulation exercises showthat our proposed method performs better than two-stage maximum likelihood, spe-cially in small samples. In addition we find that inefficiency plays a statistically andeconomically significant role in determining the time to failure of U.S. commercialbanks during 2001 to 2010.spa
dc.language.isoengspa
dc.publisherUniversidad EAFITspa
dc.rightsinfo:eu-repo/semantics/openAccesseng
dc.titleInefficiency and Bank Failures: A Joint Bayesian Estimationof a Stochastic Frontier Model and a Hazards Modelspa
dc.typeworkingPaperspa
dc.rights.accessRightsopenAccessspa
dc.publisher.departmentEscuela de Economía y Finanzasspa
dc.type.spaDocumento de trabajo de investigaciónspa
dc.subject.keywordTechnical Inefficiencyspa
dc.subject.keywordProportional Hazards Modelspa
dc.subject.keywordBank Failuresspa
dc.rights.accesoLibre accesospa
dc.date.accessioned2018-10-05T19:33:47Z
dc.type.hasVersiondrafspa
dc.contributor.eafitauthorjsanch83@eafit.edu.cospa
dc.contributor.eafitauthordrestr16@eafit.edu.cospa
dc.contributor.eafitauthoraramir21@eafit.edu.cospa
dc.identifier.jelC11
dc.identifier.jelG21
dc.identifier.jelG33


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