Competitive conditions in the Jamaican banking market 1998-2009

Jenifer Daley, Kent Matthews

Research output: Journal PublicationArticlepeer-review

9 Citations (Scopus)


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 languageEnglish
Pages (from-to)131-135
Number of pages5
JournalInternational Review of Financial Analysis
Publication statusPublished - Dec 2012
Externally publishedYes


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

ASJC Scopus subject areas

  • Finance
  • Economics and Econometrics


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