The Effects of Entry Regulation on Bank Competition: The Case of the Iranian Banking Industry

Autor:	Nasser Khiabani, Mehdi Hamidisahneh
Rok vydání:	2012
Předmět:	Macroeconomics Simultaneous equations model Maximum likelihood Private bank Economics Monetary economics Lerner index General Economics Econometrics and Finance Banking industry Barriers to entry HD29 Panel data
Zdroj:	Journal of Applied Economics. 15:119-137
ISSN:	1667-6726 1514-0326
DOI:	10.1016/s1514-0326(12)60006-3
Popis:	We focus on a modified version of the markup test to investigate the impact of entry regulation on competitive conditions in the Iranian banking industry for the period 1996-2006. The\ud time interval under examination corresponds to an era characterized by substantial relaxation of entry barriers and private bank penetration. To estimate Lerner indexes as a measure of\ud bank competition, we set up a simultaneous equation model for unbalanced panel data by utilizing the stepwise maximum likelihood method. We find that concomitantly with the new\ud bank entries a pro-competitive change in the banking industry took place.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_dedup___::4680c3540ed4281897ac06a6fd98f5d2 https://doi.org/10.1016/s1514-0326(12)60006-3 Zobrazit plný text záznamu Plný text ve formátu PDF