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

Table 3

DETERMINANTS OF DEPOSIT INTEREST RATES
PANEL ESTIMATION, 1990-99

Dependent variable: banks’ deposit rate in each province.

Independent variables: Herfindahl index for deposits’ market shares (HER); concentration ratio (R3), i.e.
sum of the first 3 banks’ market shares per province; staff costs per employee (COSPER); costs/total
assets (COSRAT); number of banks per province (NBANKS). Variables refer to end-of-year data, for
the period 1990-99. Regressions include time dummy variables, whose coefficients are not reported. t -
statistics in brackets. * Significant at 1 per cent. ** Significant at 5 per cent. *** Significant at 10 per cent.

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