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



Table 4

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); staff costs per employee
(COSPER); costs/total assets (COSRAT). 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.

(i)
Fixed
effects

(ii)
Fixed
Effects

HER

-0.23

(-0.83)

-0.22

(-0.78)

COSPER

-5.0     *

(-3.9)

COSRAT

0.75

(0.48)

N. observations

10561

10561

R2

0.95

0.95

Sum of squared
residuals

2840.9

2845.4

Hausman test

100.9

131

32



More intriguing information

1. The name is absent
2. An Investigation of transience upon mothers of primary-aged children and their school
3. The name is absent
4. The Role of Land Retirement Programs for Management of Water Resources
5. Ahorro y crecimiento: alguna evidencia para la economía argentina, 1970-2004
6. Macro-regional evaluation of the Structural Funds using the HERMIN modelling framework
7. A Bayesian approach to analyze regional elasticities
8. The name is absent
9. The name is absent
10. THE ECONOMICS OF COMPETITION IN HEALTH INSURANCE- THE IRISH CASE STUDY.