Competitive conditions in the Central and Eastern European banking systems
AbstractThe aim of this study is to conduct a large-scale empirical analysis of the competitive conditions in the banking systems of Central and Eastern European countries. The well-known model of Panzar and Rosse (1987) is implemented on bank-level data over the period 1999-2006. The estimates based on the separate country panels suggest a wide variation in the competitive conditions of the banking systems examined, with some being characterized as (monopolistically) competitive and other as non-competitive. Finally, the results from the full sample indicate that bank revenue is substantially influenced by structural and macroeconomic conditions.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 13890.
Date of creation: 31 Dec 2008
Date of revision:
Market power; Central and Eastern European banks; Panzar-Rosse model;
Other versions of this item:
- Delis, Manthos D., 2010. "Competitive conditions in the Central and Eastern European banking systems," Omega, Elsevier, vol. 38(5), pages 268-274, October.
- D20 - Microeconomics - - Production and Organizations - - - General
- C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models
- G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
This paper has been announced in the following NEP Reports:
- NEP-ALL-2009-03-14 (All new papers)
- NEP-BAN-2009-03-14 (Banking)
- NEP-COM-2009-03-14 (Industrial Competition)
- NEP-CSE-2009-03-14 (Economics of Strategic Management)
- NEP-EEC-2009-03-14 (European Economics)
- NEP-TRA-2009-03-14 (Transition Economics)
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