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



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