Competition in commercial banks in Poland – analysis of Panzar-Rosse H-statistics

Filip Switala (), Małgorzata Olszak and Iwona Kowalska ()
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Filip Switala: University of Warsaw, Faculty of Management
Iwona Kowalska: University of Warsaw, Faculty of Management

No 42013, Faculty of Management Working Paper Series from University of Warsaw, Faculty of Management

Abstract: This paper aims to find out how intense is the competition in Polish commercial banks loan market. Using Panzar – Rosse H-statistics and applying several estimation techniques (GLS, one-step GMM and two-step GMM) we find that this intensity is sensitive to the estimator applied. Upon analysis of results, one can conclude that competition evolves differently across years in Poland. In some years, competition was relatively high, as the H-statistics reached the level of 0.75, which is relatively close to perfect competition. In other years it gradually decreased reaching its bottom line in 2010, and took upward trend in 2011 and 2012. Generally, the values of our competitive environment measure indicate at monopolistic competition in Poland.

Keywords: competition intensity; marginal costs; contestabily; banking industry (search for similar items in EconPapers)
JEL-codes: G21 G28 L1 L16 (search for similar items in EconPapers)
Pages: 28 pages
Date: 2013-12
New Economics Papers: this item is included in nep-ban, nep-com and nep-tra
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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http://www.wz.uw.edu.pl/portaleFiles/5630-Faculty% ... laOlszakKowalska.pdf First version, 2013 (application/pdf)

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Working Paper: Competition in commercial banks in Poland – analysis of Panzar-Rosse H-statistics (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:sgm:fmuwwp:42013

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