Table 6
DETERMINANTS OF DEPOSIT INTEREST RATES: ITALIAN MACROREGIONS
PANEL ESTIMATION, 1990-99
Dependent variable: banks’ deposit rate in each province.
Independent variables: Herfindahl index for deposit 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). 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. Fixed-effects regressions, selected according to
the Hausman test.
|
(i) North-West |
(ii) |
(iii) |
(iv) |
(v) Islands | |
|
HER |
1.21 |
*** 0.51 |
-1.35 ** |
-0.19 |
-0.19 |
|
(1.78) |
(0.97) |
(-2.12) |
(-0.25) |
(-0.20) | |
|
COSPER |
0.74 |
-7.55 * |
-6.50 * |
-18.29 * |
-20.86 * |
|
(0.28) |
(-2.67) |
(-2.09) |
(-4.88) |
(-3.80) | |
|
COSRAT |
-2.38 |
1.66 |
1.57 |
14.57 * |
31.02 * |
|
(-0.79) |
(0.49) |
(0.41) |
(2.97) |
(4.74) | |
|
N. observat. |
2980 |
2899 |
2117 |
1689 |
876 |
|
R2 |
0.95 |
0.95 |
0.94 |
0.94 |
0.94 |
|
Sum squared |
693.57 |
718.66 |
611.79 |
482.01 |
246.68 |
|
residuals | |||||
|
Hausman test |
75.63 |
92.69 |
23.11 |
25.53 |
32.67 |
|
(i) |
(ii) |
(iii) |
(iv) |
(v) | |
|
North-West |
North-East |
Center |
South |
Islands | |
|
R3 |
0.44 |
-0.64 *** |
-0.93 *** |
-0.10 |
-1.42 |
|
(1.60) |
(-1.77) |
(-1.83) |
(-0.22) |
(-1.51) | |
|
COSPER |
0.64 |
-7.39 * |
-6.61 ** |
-18.29 * |
-20.36 * |
|
(0.24) |
(-2.61) |
(-2.12) |
(-4.88) |
(-3.72) | |
|
COSRAT |
-2.51 |
1.63 |
1.64 |
14.54 * |
29.75 * |
|
(-0.84) |
(0.48) |
(0.43) |
(2.97) |
(4.58) | |
|
N. observat. |
2980 |
2899 |
2117 |
1689 |
876 |
|
R2 |
0,95 |
0,95 |
0,94 |
0,94 |
0,94 |
|
Sum squared |
693,74 |
718,03 |
612,16 |
482,01 |
245,94 |
|
residuals | |||||
|
Hausman test |
76,15 |
97,96 |
22,55 |
25,80 |
33,09 |
35
More intriguing information
1. IMMIGRATION AND AGRICULTURAL LABOR POLICIES2. The problem of anglophone squint
3. Regulation of the Electricity Industry in Bolivia: Its Impact on Access to the Poor, Prices and Quality
4. The name is absent
5. The name is absent
6. Place of Work and Place of Residence: Informal Hiring Networks and Labor Market Outcomes
7. The name is absent
8. The name is absent
9. The Role of Trait Emotional Intelligence (El) in the Workplace.
10. Opciones de política económica en el Perú 2011-2015