Technical change in the UK retail banking sector: 1984-1995

The paper empirically quantifies technical change for the UK retail banking sector between 1984 and 1995. A time trend model is used to measure averag e technical change. Bank production is represented with 'intermediation' an d 'production' models. Translog cost models are estimated using a SUR estim ator on pooled time series and cross sectional data. Distinct results for d iffering model specifications are evident. This change appears to vary in m agnitude within the sample period.