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Title:Out of many, dominance by a few? Market power in the Jamaican banking sector PDF Logo
Authors:Daley, Jenifer
Matthews, Kent
Issue Date:2009
Series/Report no.:Cardiff Economics Working Papers E2009/28
Abstract:This paper presents an empirical assessment of the degree of competition within the Jamaican banking sector during the period 1998 to 2007. The popular H-statistic by Panzar and Rosse is utilised to estimate market power among the sample of banks. Using usual statistical tests, we are unable to reject monopoly/perfect collusion for the banking market in Jamaica. This contrasts with earlier findings using alternative estimators. Therefore, the use of a dynamic reformulation of the model with a dynamic estimator highlights some collusive behaviour among banks
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

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