Table 7
DETERMINANTS OF CURRENT ACCOUNTS INTEREST RATES
PANEL ESTIMATION, 1990-96
Dependent variable: current accounts’ rates in each province.
Independent variables: Herfindahl index for current accounts’ 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 1990-96. 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) |
(ii) |
(iii) |
(iv) |
(v) | |
|
HER |
-0.87 ** |
-0.77 |
*** | ||
|
* | |||||
|
(-1.91) |
(-1.68) | ||||
|
R3 |
-0.99 * |
-0.94 * | |||
|
-3.65 |
-3.42 | ||||
|
NBANKS |
0.007 ** |
0.007 |
*** 0.006 | ||
|
(1.98) |
(1.75) |
(1.51) | |||
|
COSPER |
-8.68 * |
-8.57 * |
-8.83 * |
-8.77 |
* -8.66 * |
|
(-4.21) |
(-4.16) |
(-4.28) |
(-4.25) |
(-4.20) | |
|
COSRAT |
19.47 * |
19.33 * |
19.66 * |
19.58 |
* 19.43 * |
|
(6.57) |
(6.53) |
(6.64) |
(6.61) |
(6.56) |
|
N. observat. |
8237 |
8237 |
8237 |
8237 |
8237 |
|
R2 |
0.85 |
0.85 |
0.85 |
0.85 |
0.85 |
|
Sum of squared |
2342.05 |
2338.77 |
2341.96 |
2341.01 |
2338.00 |
|
residuals | |||||
|
Hausman test |
47.30 |
53.81 |
49.43 |
58.50 |
76.70 |
36
More intriguing information
1. INTERACTION EFFECTS OF PROMOTION, RESEARCH, AND PRICE SUPPORT PROGRAMS FOR U.S. COTTON2. Gianluigi Zenti, President, Academia Barilla SpA - The Changing Consumer: Demanding but Predictable
3. Are Public Investment Efficient in Creating Capital Stocks in Developing Countries?
4. The effect of classroom diversity on tolerance and participation in England, Sweden and Germany
5. What Drives the Productive Efficiency of a Firm?: The Importance of Industry, Location, R&D, and Size
6. The name is absent
7. Parallel and overlapping Human Immunodeficiency Virus, Hepatitis B and C virus Infections among pregnant women in the Federal Capital Territory, Abuja, Nigeria
8. If our brains were simple, we would be too simple to understand them.
9. Cyber-pharmacies and emerging concerns on marketing drugs Online
10. Effort and Performance in Public-Policy Contests