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Competition and Contestability in Transition Banking: An Empirical Analysis

Konstantinos Drakos and Panagiotis Konstantinou
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Panagiotis Konstantinou: University of Macedonia

South-Eastern Europe Journal of Economics, 2005, vol. 3, issue 2, 183-209

Abstract: In this paper we focus on the market structure of the banking system in a set of Transition countries. In particular, by employing reduced-form revenue equations in a panel framework we are able to estimate the Panzar-Rosse h-statistic. We mainly control for heterogeneity by conditioning our estimation on bank-specific characteristics so as to account for differences in financial risk, size and finance mix. Our empirical results indicate that for the vast majority of cases banking systems operate under Monopolistic Competition.

Keywords: h-statistic; Market Structure; Panel Estimation; Transition Banking (search for similar items in EconPapers)
JEL-codes: C33 G21 L11 P34 (search for similar items in EconPapers)
Date: 2005
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