| 中国银行业竞争程度的测度分析——基于PR模型和利率非市场化 |
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| 引用本文： | 余东华,马路萌. 中国银行业竞争程度的测度分析——基于PR模型和利率非市场化[J]. 财贸研究, 2012, 23(4): 106-111 |
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| 作者姓名： | 余东华 马路萌 |
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| 作者单位： | 山东大学经济学院,山东济南,250100 |
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| 基金项目： | 国家自然科学基金项目“转轨期中国网络型产业竞争政策研究”，国家社会科学基金项目“横向并购反垄断中的效率抗辩研究”，教育部人文社会科学一般项目“经营者集中的反垄断控制:理论模型、量化标准与安全港规则研究”，山东省人文社会科学规划项目“蓝色经济区建设中的经营者集中与反垄断政策研究”，山东省软科学项目“横向并购的反垄断控制研究:理论模型、量化标准与政策建议” |
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| 摘 要： | 采用拓展的PR模型和H统计量方法论证利率非市场化将导致对中国银行业市场竞争程度的高估。为了解决这一高估问题,利用双向固定效应模型将利率非市场化作为时间效应因素纳入回归模型,然后采用PR模型和H统计量等非结构主义方法实证测度中国银行业的市场竞争程度。测度结果显示:中国银行业整体上进入了垄断竞争状态,但竞争程度较低;银行之间竞争的重点仍然集中在传统存贷款业务上,金融产品的创新不足。
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| 关 键 词： | 银行业 利率非市场化 竞争程度 垄断竞争 |
Measurement Analysis of China's Banking Industry's Competition:Based on Panzar-Rosse Model and Non-market of Interest Rate |
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| YU Dong-hua , MA Lu-meng. Measurement Analysis of China's Banking Industry's Competition:Based on Panzar-Rosse Model and Non-market of Interest Rate[J]. Finance and Trade Research, 2012, 23(4): 106-111 |
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| Authors: | YU Dong-hua MA Lu-meng |
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| Affiliation: | (School of Economics,Shandong University,Jinan 250100) |
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| Abstract: | Based on extended Panzar-Rosse(P-R) model and H statistics,this paper demonstrates that banking industry of China has overestimated the market competition for the exsiting non-marketing of interest rate.By introducing control-based interest rate as a time effect,competitiveness of banking industry in China is empirically assessed with P-R model and H statistics.The empirical results suggest that the banks in China are operating under monopolistic competition and the level of competition is quite low;financial products lack innovation,and the competitive emphasis is limited to traditional "deposits and loans". |
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| Keywords: | banking industry non-market of interest rate competition monopolistic competition |
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