An Empirical Analysis Of Determinants Of Geographic Differentials In The Bank Closing Rate In The United States, 1989-1994, Using The Heteroskedastic-Tobit Model

Richard Cebula () and Willie Belton

The Review of Regional Studies, 1996, vol. 26, issue 3, 341-350

Abstract: This study empirically examines determinants of geographic (interstate) differentials in the bank failure rate in the United States for the period 1989-1994. The study uses the Heteroskedastic-TOBIT estimation technique because 20 percent of the observations on the dependent variable are zeros and because of the need to correct for heteroskedasticity. The findings indicate that the interstate bank closing rate differential is affected by the cost of deposits, the savings and loan failure rate, the percentage of gross state product deriving from oil and natural gas extraction, the tangible capitaUasset ratio, and state regulations that restrict bank branching.

Date: 1996
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