Single Market Effects on Productivity in the German Insurance Industry

Posted: 14 Nov 2009 Last revised: 5 Feb 2012

See all articles by Bernhard Mahlberg

Bernhard Mahlberg

Institute for Industrial Research (IWI); Vienna University of Economics and Business - Institute for Production Management

Thomas Url

Austrian Institute of Economic Research (WIFO)

Date Written: July 1, 2010

Abstract

The Single Market project of the European Commission was supposed to foster productivity growth in the financial service industry. We assess its consequences on productivity development in the German insurance industry, one of the largest insurance markets within the European Union, by applying Data Envelopment Analysis to a panel of German insurance companies. We estimate standard and bootstrapped efficiency scores for the years 1991 through 2006 and apply a test on scale efficiency based on bootstrapped statistics. Furthermore, we compute a Malmquist index and test for different types of productivity convergence across firms.

Keywords: Single Market, Bootstrapped data envelopment analysis, Productivity growth

JEL Classification: L50, G22, C14

Suggested Citation

Mahlberg, Bernhard and Url, Thomas, Single Market Effects on Productivity in the German Insurance Industry (July 1, 2010). Journal of Banking and Finance, Vol. 34, No. 7, 2010. Available at SSRN: https://ssrn.com/abstract=1505945

Bernhard Mahlberg

Institute for Industrial Research (IWI) ( email )

Mittersteig 10/4
Vienna, 1050
Austria
+43 1 513 44 11 0 (Phone)
+43 1 513 44 11 2099 (Fax)

HOME PAGE: http://www.iwi.ac.at/

Vienna University of Economics and Business - Institute for Production Management ( email )

Welthandelsplatz 1
Building D2, Entrance C, 3rd floor
Vienna, 1020
Austria
+43 1 313 36 - 5615 (Phone)

HOME PAGE: http://https://www.wu.ac.at/en/prodmanengl/

Thomas Url (Contact Author)

Austrian Institute of Economic Research (WIFO) ( email )

P.O. Box 91
Wien, A-1103
Austria

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