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Title: Competition and Contestability in Transition Banking: An Empirical Analysis
Authors: Konstantinou, P
Drakos, K
Keywords: h-statistic;Market Structure;Panel Estimation;Transition Banking
Issue Date: 2005
Publisher: Association of Economic Universities of South and Eastern Europe and the Black Sea Region
Citation: South-Eastern Europe Journal of Economics, 2005, 3 (2), pp. 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.
ISSN: 1109-8597
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