TY - JOUR
T1 - Banking competition in Africa
T2 - Subregional comparative studies
AU - Fosu, Samuel
PY - 2013/6
Y1 - 2013/6
N2 - 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.
AB - 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.
U2 - 10.1016/j.ememar.2013.02.001
DO - 10.1016/j.ememar.2013.02.001
M3 - Article
SN - 1566-0141
VL - 15
SP - 233
EP - 254
JO - Emerging Markets Review
JF - Emerging Markets Review
ER -