Banking competition in Africa: Subregional comparative studies |
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Institution: | 1. CER-ETH – Center of Economic, Research at ETH Zurich and CEPR, Zürichbergstrasse 18, Zurich 8092, Switzerland;2. Department of Economics, Virginia Polytechnic Institute and State University, Blacksburg, VA 24061-0316, USA;3. Department of Accounting and Finance, School of Economics and Management, University of Cyprus, P.O. Box 20537, Nicosia 1678, Cyprus |
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Abstract: | This paper examines the extent of banking competition in African subregional markets. A dynamic version of the Panzar–Rosse model is adopted beside the static model to assess the overall extent of banking competition in each subregional banking market over the period 2002 to 2009. Consistent with other emerging economies, the results suggest that African banks generally demonstrate monopolistic competitive behaviour. Although the evidence suggests that the static Panzar–Rosse H-statistic is downwards biased compared to the dynamic version, the competitive nature identified remains robust to alternative estimators. |
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