Competition and Contestability in Transition Banking: An Empirical Analysis

Konstantinos Drakos and Panagiotis Konstantinou
Additional contact information
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
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (18)

Downloads: (external link)
http://www.asecu.gr/Seeje/issue05/drakos.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:seb:journl:v:3:y:2005:i:2:p:183-209

Access Statistics for this article

More articles in South-Eastern Europe Journal of Economics from Association of Economic Universities of South and Eastern Europe and the Black Sea Region Contact information at EDIRC.
Bibliographic data for series maintained by Ms. Melina Petromelidou ().