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.

(0.48)

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