Assessing the Competitiveness of International Financial Services in Particular Locations: A Survey of Methods and Perspectives
Loading...
Can’t use the file because of accessibility barriers? Contact us with the title of the item, permanent link, and specifics of your accommodation need.
Date
2007-11-07
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Center for Applied Economics and Policy Research
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.
Description
Keywords
CAEPR, Center for Applied Economics and Policy Research, offshore centers, international financial services, Data Envelopment Analysis, Stochastic Frontier Analysis
Citation
Journal
DOI
Link(s) to data and video for this item
This paper is also available on SSRN and RePEc.
Relation
Rights
Type
Working Paper