A COMPARATIVE STUDY OF ALTERNATIVE ECONOMETRIC PACKAGES: AN APPLICATION TO ITALIAN DEPOSIT INTEREST RATES



Table 2

Summary Statistics (1990-96)

Average

Minimum

Maximum

Current account rate

6.01

1.98

10.79

CD interest rate (%)

9.19

1.12

14.50

Savings account interest rate

5.95

1.00

11.27

Deposits interest rate (%)

7.02

2.72

10.97

Herfindahl index

0.18

0.06

0.46

Concentration ratio (R3,%)

62.0

33.0

96.0

Branches per province

264

11

1834

Banks per province

25

4

115

Costs/total assets (%)

2.75

0.58

5.12

Staff costs per employee

51797

34119

82894

(euro)

Per capita provincial income (in

25.7 mil.

11mil.

43mil.

lire)

Correlations

(1990-99)

Herfindahl

R3

Branches per

Banks per

province

province

Herfindahl index

1

R3

0.83

1

Branches per provinces

-0.30

-0.33

1

Banks per province

-0.37

-0.38

0.66

1

Costs/total assets

-0.04

-0.01

-0.08

-0.02

Staff costs per employee

0.01

-0.01

0.08

-0.04

Costs/total assets

Staff costs per

employee

Costs/total assets

1

Staff costs per employee

-0.15

1

Summary Statistics for the Five Italian Macroregions: 1990-1999

(number of observations and average values of the variables)

NorthWest

NorthEast

Center

South

Islands

Italy

Number of observations

2980

2899

2117

1689

876

10561

Deposits’ interest rate (%)

5.92

5.88

5.74

5.52

5.45

5.77

Herfindahl index

0.17

0.22

0.21

0.18

0.24

0.20

Concentration ratio

59.7

68.1

67.1

60.2

67.3

64.2

Banks per province

27.3

27.4

25.7

16.4

14.1

24.3

29



More intriguing information

1. Inflation Targeting and Nonlinear Policy Rules: The Case of Asymmetric Preferences (new title: The Fed's monetary policy rule and U.S. inflation: The case of asymmetric preferences)
2. Citizenship
3. The Response of Ethiopian Grain Markets to Liberalization
4. Spectral density bandwith choice and prewightening in the estimation of heteroskadasticity and autocorrelation consistent covariance matrices in panel data models
5. The demand for urban transport: An application of discrete choice model for Cadiz
6. The geography of collaborative knowledge production: entropy techniques and results for the European Union
7. TWENTY-FIVE YEARS OF RESEARCH ON WOMEN FARMERS IN AFRICA: LESSONS AND IMPLICATIONS FOR AGRICULTURAL RESEARCH INSTITUTIONS; WITH AN ANNOTATED BIBLIOGRAPHY
8. THE EFFECT OF MARKETING COOPERATIVES ON COST-REDUCING PROCESS INNOVATION ACTIVITY
9. Economie de l’entrepreneur faits et théories (The economics of entrepreneur facts and theories)
10. Experience, Innovation and Productivity - Empirical Evidence from Italy's Slowdown