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




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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.



Item Type: MPRA Paper -

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

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

Language: English-

Keywords: competition intensity, marginal costs, contestabily, banking industry-

Subjects: G - Financial Economics > G2 - Financial Institutions and Services > G21 - Banks ; Depository Institutions ; Micro Finance Institutions ; MortgagesG - Financial Economics > G2 - Financial Institutions and Services > G28 - Government Policy and RegulationL - Industrial Organization > L1 - Market Structure, Firm Strategy, and Market PerformanceL - Industrial Organization > L1 - Market Structure, Firm Strategy, and Market Performance > L16 - Industrial Organization and Macroeconomics: Industrial Structure and Structural Change ; Industrial Price Indices-





Author: Olszak, Małgorzata

Source: https://mpra.ub.uni-muenchen.de/53782/







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