Suchergebnisse

La educación, y muy especialmente los estudios universitarios, generan beneficios individuales de carácter pecuniario y también no pecuniario. Los beneficios individuales son importantes y, precisamente por ello, muchos hogares dedican e invierten tiempo, esfuerzo y recursos monetarios en la formación universitaria de sus miembros. Además, los efectos de la educación universitaria superan el ámbito individual y generan externalidades en la sociedad que resultan muy positivas sobre variables económicas como, entre otras, la tasa de ocupación y de desempleo, la recaudación impositiva, la productividad y el crecimiento de la economía (Pastor y Peraita, 2012). También genera una serie de externalidades sociales no pecuniarias sobre, por ejemplo, la igualdad entre hombres y mujeres universitarios, la crianza de los niños, la democracia y la participación ciudadana, la satisfacción con la vida, el estado de salud, etc. (McMahon, 2009). Son precisamente los efectos económicos pecuniarios y los sociales no pecuniarios generados por la educación universitaria los que justifican que las administraciones destinen recursos públicos a financiar parte de las inversiones de los individuos en este tipo de formación.

"Bank Behaviour in Modern Banking" presents an updated insight into key facts impacting on financial institutions after the financial crisis and highlights areas of major policy and academic interest. The book includes a selection of papers on this issue, collected from the past European Association of University Teachers of Banking and Finance Conference (otherwise known as the Wolpertinger Conference) held at the University of Valencia, Spain in September 2011. This book includes ten chapters that analyse the different perspectives and approaches behind issues such us payment protection insurance, intellectual capital, cost efficiency and its relation with bank branch distance, bank restructuring and bank stability, credit and liquidity risk, and business models for the wealth management industry.

This article analyzes productivity growth for European banks over the 1995–2001 period. In contrast to previous literature, the study encompasses the overwhelming majority of current European Union (EU) countries—all excepting Greece and those joining the EU in 2004. In addition, we use resampling methods so as to gain statistical precision, which turns out to be especially important due to the limitations of the database. In a second stage, additional nonparametric methods—in an attempt to be fully consistent—are used to disentangle some reasons as to why productivity differentials might exist. Results show that productivity growth has occurred in most countries, mainly due to improvement in production possibilities. The bootstrap analysis yields further evidence, as for many firms and countries productivity growth, or decline, is not statistically significant. The two-stage analysis provides some additional insights, suggesting that the relevance of environmental variables found in other studies focusing on efficiency could be lessened when focusing on productivity.