Empirical Economics

, Volume 28, Issue 4, pp 813–838 | Cite as

Effects of the single market on the Austrian insurance industry

  • Bernhard Mahlberg
  • Thomas UrlEmail author


The integration of European services markets and the implementation of associated European Union directives open up formerly closed national markets to competition from the Single Market. The purpose of this study is to measure the effects of liberalization on technical efficiency and the productivity development of the insurance industry. As an example we construct efficiency frontiers for the years 1992 through 1999 for the Austrian insurance industry using Data Envelopment Analysis. We use the resulting efficiency scores also to construct a Malmquist productivity index for the transition period. In search for effects from the Single Market, returns to scale, economies of diversification, and distribution channels we relate efficiency and productivity measures to several firm specific characteristics. For this purpose we use unbalanced and balanced panels of individual firm data.


European integration data envelopment analysis panel regression bancassurance 


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Copyright information

© Springer-Verlag 2003

Authors and Affiliations

  1. 1.Research Institute for European AffairsVienna University of Economics and Business AdministrationViennaAustria
  2. 2.Austrian Institute of Economic ResearchViennaAustria

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