Market Structure and Competition in Emerging Market: Evidence from Malaysian Islamic Banking Industry
This paper investigates the market structure of Islamic banking industry in Malaysia during 2001-2005 and evaluates the degree of competition using the H-statistic by Panzar and Rosse (1987). The estimated H-statistics for the whole sample periods are positive ranging from 0.38 to 0.62 and the Wald test for the market structure of monopoly or perfect competition is rejected implying that the Islamic banks in Malaysia earned their revenue in the condition of monopolistic competition.
|Date of creation:||01 Jun 2007|
|Date of revision:||01 Jul 2007|
|Publication status:||Published in Journal of Economic Cooperation 28.2(2007): pp. 99-121|
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