Competitive conditions in the Jamaican banking market 1998-2009

Daley, Jenifer and Matthews, Kent Gerard Patrick ORCID: https://orcid.org/0000-0001-6968-3098 2012. Competitive conditions in the Jamaican banking market 1998-2009. International Review of Financial Analysis 25 , pp. 131-135. 10.1016/j.irfa.2012.06.010

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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.

Item Type:	Article
Date Type:	Publication
Status:	Published
Schools:	Schools > Business (Including Economics)
Subjects:	H Social Sciences > HG Finance
Uncontrolled Keywords:	Competition; Banking; Rosse–Panzar H-statistic; Dynamic panel estimation; Jamaica
Publisher:	Elsevier
ISSN:	1057-5219
Last Modified:	21 Oct 2022 10:06
URI:	https://orca.cardiff.ac.uk/id/eprint/39009

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