Learning Curve and its Intensity Effect on Cost in the Iranian Banking Industry (2001-2017)

Hajian, Mohammadreza; Pajouyan, Jamshid; Ghaffari, Farhad

doi:10.30473/indeco.2020.7423

Document Type : applicative

Authors

¹ Ph.D. student of Economics, Department of economics, Science and Research Branch, Islamic Azad University of Iran, Tehran, Iran

² Professor of Economics, Department of Economics , Science and Research Branch, Islamic Azad University of Iran, Tehran, Iran

³ Associate Professor of Economics, Department of economics,Science and Researches Branch, Islamic Azad University of Iran, Tehran, Iran

https://doi.org/10.30473/indeco.2020.7423

Abstract

The purpose of this article is to evaluate the intensity of learning in the Iranian banking industry during the period 2001 to 2016. During the period under review, the Iranian banking industry consisted of 10 state-owned banks and 17 private banks. In order to evaluate the realization of learning in the Iranian banking industry, a Cobb-Douglas cost function was used. In this function, loans and facilities were considered as inputs as well as labor, capital and bank deposits as inputs. After adjusting the cost function, this function was converted into a learning curve and then the learning curve was estimated. In the learning curve, the cumulative amount of loans and facilities was used as an indicator of experience. The results indicate that the slope of the learning curve is in line with negative expectations, which is as if learning has been achieved in the Iranian banking industry in the period under study, but its intensity is low. In addition, the results indicate a constant return to scale in the Iranian banking industry.

Keywords

20.1001.1.24767077.1399.4.14.3.7

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Journal of Industrial Economics researches

Learning Curve and its Intensity Effect on Cost in the Iranian Banking Industry (2001-2017)

References

References

Volume 4, Issue 14
January 2021
Pages 41-54

Learning Curve and its Intensity Effect on Cost in the Iranian Banking Industry (2001-2017)

References

References

Volume 4, Issue 14January 2021Pages 41-54

Volume 4, Issue 14
January 2021
Pages 41-54