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Assessing the Competitiveness of International Financial Services in Particular Locations: A Survey of Methods and Perspectives

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dc.contributor.author von Furstenberg, George
dc.date.accessioned 2007-11-21T17:22:40Z
dc.date.available 2007-11-21T17:22:40Z
dc.date.issued 2007-11-07
dc.identifier.uri http://ssrn.com/abstract=1028288 en
dc.identifier.uri http://www.iub.edu/~caepr/RePEc/PDF/CAEPR2007-024.pdf en
dc.identifier.uri http://hdl.handle.net/2022/2962
dc.description.abstract The International Financial Services (IFS) industry is restructuring internally and by location. This paper outlines the economic forces and analytical methods that may be applied to examine the economic drivers of these processes as ever more cities, particularly in East Asia, are vying to attract IFS providers and their clients. The ICT revolution has made those IFS that can be commoditized footloose in search of cost efficiency. High value-added financial services, however, will continue to be developed and coordinated in a few major IFS centers that have invested in, or capitalized on, regional or global advantages for themselves and their clients. The resulting pattern of functional fragmentation and geographic dispersal may facilitate analyses of the competitiveness of different lines of the financial services business in a particular location by methods such as Data Envelopment and Stochastic Frontier Analysis. These forms of comparative efficiency analysis have recently been questioned and their results reinterpreted. en
dc.format.extent 208545 bytes
dc.format.mimetype application/pdf
dc.language.iso en_US en
dc.publisher Center for Applied Economics and Policy Research en
dc.relation.ispartofseries CAEPR Working Papers en
dc.relation.ispartofseries 2007-024 en
dc.relation.isversionof This paper is also available on SSRN and RePEc. en
dc.subject CAEPR en
dc.subject Center for Applied Economics and Policy Research en
dc.subject offshore centers en
dc.subject international financial services en
dc.subject Data Envelopment Analysis en
dc.subject Stochastic Frontier Analysis en
dc.title Assessing the Competitiveness of International Financial Services in Particular Locations: A Survey of Methods and Perspectives en
dc.type Working Paper en


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