Competitive conditions in the Jamaican banking market 1998-2009

Jenifer Daley; Kent Matthews

doi:10.1016/j.irfa.2012.06.010

Competitive conditions in the Jamaican banking market 1998-2009

Jenifer Daley
, Kent Matthews^*

^*Corresponding author for this work

Research output: Journal Publication › Article › peer-review

10 Citations (Scopus)

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 - of banks that constitute over 90% 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.

Original language	English
Pages (from-to)	131-135
Number of pages	5
Journal	International Review of Financial Analysis
Volume	25
DOIs	https://doi.org/10.1016/j.irfa.2012.06.010
Publication status	Published - Dec 2012
Externally published	Yes

Free Keywords

Banking
Competition
Dynamic panel estimation
Jamaica
Rosse-Panzar H-statistic

ASJC Scopus subject areas

Finance
Economics and Econometrics

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10.1016/j.irfa.2012.06.010

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title = "Competitive conditions in the Jamaican banking market 1998-2009",

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 - of banks that constitute over 90\% 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.",

keywords = "Banking, Competition, Dynamic panel estimation, Jamaica, Rosse-Panzar H-statistic",

author = "Jenifer Daley and Kent Matthews",

note = "Funding Information: We gratefully acknowledge the funding support from the University of the West Indies, Mona Campus , and the NCB Foundation . ",

year = "2012",

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doi = "10.1016/j.irfa.2012.06.010",

language = "English",

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journal = "International Review of Financial Analysis",

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T1 - Competitive conditions in the Jamaican banking market 1998-2009

AU - Daley, Jenifer

AU - Matthews, Kent

N1 - Funding Information: We gratefully acknowledge the funding support from the University of the West Indies, Mona Campus , and the NCB Foundation .

PY - 2012/12

Y1 - 2012/12

N2 - 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 - of banks that constitute over 90% 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.

AB - 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 - of banks that constitute over 90% 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.

KW - Banking

KW - Competition

KW - Dynamic panel estimation

KW - Jamaica

KW - Rosse-Panzar H-statistic

UR - https://www.scopus.com/pages/publications/84870564505

U2 - 10.1016/j.irfa.2012.06.010

DO - 10.1016/j.irfa.2012.06.010

M3 - Article

AN - SCOPUS:84870564505

SN - 1057-5219

VL - 25

SP - 131

EP - 135

JO - International Review of Financial Analysis

JF - International Review of Financial Analysis

ER -

Competitive conditions in the Jamaican banking market 1998-2009

Abstract

Free Keywords

ASJC Scopus subject areas

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