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研究生:李維傑
論文名稱:東歐國家銀行業市場結構與競爭程度分析
論文名稱(外文):Market structure and competitive conditions of the banking industry in Eastern European countries
指導教授:黃台心
學位類別:碩士
校院名稱:國立政治大學
系所名稱:金融研究所
學門:商業及管理學門
學類:財務金融學類
論文種類:學術論文
論文出版年:2010
畢業學年度:98
語文別:英文
論文頁數:80
外文關鍵詞:CompetitionConcentrationPanzar-Rosse ModelLerner indexContestability
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  • 被引用被引用:0
  • 點閱點閱:248
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Eastern European countries have experienced many political upheavals and economic reforms since their declaration of independence of the U.S.S.R. Our study is intended for a series of estimations concerning the market structure of the banking in the Eastern European countries. Besides, we also attempt to assess the transformation of the competitive conditions of the banking industries in these countries. We employ three different methods for the assessment: The Panzar-Rosse Model, the Lerner index and the structural indicators (Concentration Ratio and HHI). We also use quantile regression to estimate the change of the H statistics corresponding to different deciles of the bank revenues beside the standard regression.
The estimation results of the H statistics and the Lerner indice both indicate the banking markets of the Eastern European countries are characterized as monopolistic competition. Profitable banks in some countries face keener competition in the market. Besides, the Lerner index is affected by some variables, and tends to show the consistent estimation results with the H statistic in general. On the other hand, the structural indicators reveal a descending concentration in most Eastern European countries. However, the comparison between structural and non-structural methods does not support the general view that concentration undermines competition.

I. Introduction 1
II. Literature Retrospection 5
1. Structure Method 5
2. Panzar-Rosse Model 8
3. Lerner Index 16
III. Methodology 18
1. Panzar-Rosse Model estimated by panel regression 18
2. Panzar-Rosse Model by Quantile Regression 25
3. Equilibrium Estimation 28
4. Lerner Index 29
5. Indicators of Structure Method 33
IV. Data and Estimation 35
V. Empirical Result 38
1. Panzar-Rosse Model Estimation 38
2. Lerner Index Estimation 52
3. Structural Indicators 56
4. Comparisons: structural and non-structural indicators 62
VI. Conclusion 65
Appendix 68




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