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Competição e Concentração entre os Bancos Brasileiros


  • Luiz Alberto D’Ávila de Araújo

    (Banco do Brasil)

  • Paulo de Melo Jorge Neto


  • David Agustín Salazar Ponce



This paper analysis the relationship between market structure and competitiveness in the Brazilian banking industry. First, it quantifies competitiveness by using the statistic-H proposed by Panzar & Rosse and evaluates its relationship with several concentration statistics: Herfindahl-Hirschman, Concentration Ratio, Hall-Tideman and Theil. The concentration indexes lead concentration in CR10 (assets and deposits), while the concentration of credit reduces. There is a monopolistic competition among Brazilian banks. The relationship between competitiveness and concentration is negative and significant.

Suggested Citation

  • Luiz Alberto D’Ávila de Araújo & Paulo de Melo Jorge Neto & David Agustín Salazar Ponce, 2006. "Competição e Concentração entre os Bancos Brasileiros," Economia, ANPEC - Associação Nacional dos Centros de Pósgraduação em Economia [Brazilian Association of Graduate Programs in Economics], vol. 7(3), pages 561-586.
  • Handle: RePEc:anp:econom:v:7:y:2006:i:3:p:561-586

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    References listed on IDEAS

    1. Corvoisier, Sandrine & Gropp, Reint, 2002. "Bank concentration and retail interest rates," Journal of Banking & Finance, Elsevier, vol. 26(11), pages 2155-2189, November.
    2. Bresnahan, Timothy F., 1989. "Empirical studies of industries with market power," Handbook of Industrial Organization,in: R. Schmalensee & R. Willig (ed.), Handbook of Industrial Organization, edition 1, volume 2, chapter 17, pages 1011-1057 Elsevier.
    3. Robert DeYoung, 2001. "Learning-by-doing, scale efficiencies, and financial performance at Internet-only banks," Working Paper Series WP-01-06, Federal Reserve Bank of Chicago.
    4. Berger, Allen N & Hannan, Timothy H, 1989. "The Price-Concentration Relationship in Banking," The Review of Economics and Statistics, MIT Press, vol. 71(2), pages 291-299, May.
    5. Robert DeYoung, 2001. "Learning-by-doing, scale efficiencies, and financial performance at Internet-only banks," Proceedings 711, Federal Reserve Bank of Chicago.
    6. Steven C. Salop, 1979. "Monopolistic Competition with Outside Goods," Bell Journal of Economics, The RAND Corporation, vol. 10(1), pages 141-156, Spring.
    7. Engle, R. F. & Granger, C. W. J. (ed.), 1991. "Long-Run Economic Relationships: Readings in Cointegration," OUP Catalogue, Oxford University Press, number 9780198283393.
    8. Stijn Claessens & Thomas Glaessner & Daniela Klingebiel, 2002. "Electronic Finance: Reshaping the Financial Landscape Around the World," Journal of Financial Services Research, Springer;Western Finance Association, vol. 22(1), pages 29-61, August.
    9. Degryse, Hans, 1996. "On the Interaction between Vertical and Horizontal Product Differentiation: An Application to Banking," Journal of Industrial Economics, Wiley Blackwell, vol. 44(2), pages 169-186, June.
    10. Harry Leinonen, 2001. "Developments in retail payment systems," BIS Papers chapters,in: Bank for International Settlements (ed.), Electronic finance: a new perspective and challenges, volume 7, pages 61-68 Bank for International Settlements.
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    Cited by:

    1. Barbosa, Klenio & de Paula Rocha, Bruno & Salazar, Fernando, 2015. "Assessing competition in the banking industry: A multi-product approach," Journal of Banking & Finance, Elsevier, vol. 50(C), pages 340-362.

    More about this item


    Competição; Concentração; Bancos Brasileiros;

    JEL classification:

    • D49 - Microeconomics - - Market Structure, Pricing, and Design - - - Other
    • L19 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Other


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