Corpus ID: 155454830

Economies of Scale and Scope in Korea

  title={Economies of Scale and Scope in Korea},
  author={Unchan Chung and Jeeman Jung and S. Ham and Gyuhan Kim},
  journal={Korea and the World Economy},
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… Expand
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