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Title:Competitive conditions in the Jamaican banking market 1998 - 2009 PDF Logo
Authors:Daley, Jenifer
Matthews, Kent
Issue Date:2011
Series/Report no.:Cardiff Economics Working Papers E2011/28
Abstract:This paper presents an empirical assessment of the degree of competition within the Jamaican banking sector during the period 1998 to 2009. We employ a dynamic version of the Panzar-Rosse Model to estimate market power among the sample of banks that constitute over 90 percent of the banking market. Using the conventional statistical tests, we are unable to reject monopoly/perfect collusion for the merchant banking sector in Jamaica but find competitive conditions in the commercial banking sector. This contrasts with earlier findings using alternative estimators that find monopolistic competition in the market as a whole.
Subjects:competition
banking
Rosse-Panzar H statistic
dynamic panel estimation
Jamaica
JEL:G21
G28
Document Type:Working Paper
Appears in Collections:Cardiff Economics Working Papers, Cardiff Business School, Cardiff University

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