Utilize este identificador para referenciar este registo: http://hdl.handle.net/10400.5/6299
Título: Assessing competition with the Panzar-Rosse model : an empirical analysis of European Union banking industry
Autor: Andrade, Suzana Cristina Silva
Orientador: Ferreira, Maria Cândida
Data de Defesa: 2013
Editora: Instituto Superior de Economia e Gestão
Citação: Andrade, Suzana Cristina Silva. 2013. "Assessing competition with the Panzar-Rosse model : an empirical analysis of European Union banking industry". Dissertação de Mestrado. Universidade de Lisboa. Instituto Superior de Economia e Gestão.
Resumo: The purpose of the present article is to assess the degree of competition within the enlarged European Union (EU) commercial banking system during the period ranging from 2004 to 2011 using the non-structural test developed by Panzar and Rosse (1987). Their procedure measures the competitive environment in which financial intermediaries operate employing the sum of the elasticities of the reduced-form interest revenue with respect to factor prices. The main conclusion to retain from this study is that banking industry in the region does not seem to have operated either under perfect competition or under perfect monopoly, but rather consistently with long-run monopolistic competition. Further, we also find empirical evidence of efficiency hypothesis posted by Demestz (1973) and Peltzman (1977), as opposed to conventional view that concentration impairs price competitiveness. Finally, we underline the importance of trade off between the costs and benefits of competition to support financial stability objectives.
Descrição: Mestrado em Economia Monetária e Financeira
URI: http://hdl.handle.net/10400.5/6299
Aparece nas colecções:BISEG - Dissertações de Mestrado / Master Thesis
DE - Dissertações de Mestrado / Master Thesis

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