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Title: Did the global financial crisis alter the competitive conditions in the Indian banking industry?
Authors: Kumar S.
Gulati, Rachita
Published in: Applied Economics Letters
Abstract: This article addresses a pertinent research question: Did the global financial crisis alter the competitive conditions in the Indian banking industry? In order to find the answer of this research question, we applied a dynamic version of the non-structural Panzar-Rosse model on a unique unbalanced panel dataset of Indian banks spanning over the period from 1998/99 to 2015/16. The robust estimates of H-statistic computed on the basis of the generalized method of moments estimates of the elasticities of input prices show that (i) Indian banks earned their interest and total revenue under monopolistic competition throughout the whole of the sample period and (ii) the global financial crisis altered the competitive conditions in the banking industry, and market moved closer to perfect competition following the financial crisis, especially when interest-bearing activities were in focus. © 2018, © 2018 Informa UK Limited, trading as Taylor & Francis Group.
Citation: Applied Economics Letters (2019), 26(10): 857-865
Issue Date: 2019
Publisher: Routledge
Keywords: Bank competition
dynamic Panzar-Rosse model
global financial crisis
Indian banks
ISSN: 13504851
Author Scopus IDs: 57206762527
Author Affiliations: Kumar, S., Faculty of Economics, South Asian University, New Delhi, India
Gulati, R., Department of Humanities and Social Sciences, Indian Institute of Technology Roorkee, Roorkee, Uttarakhand, India
Corresponding Author: Kumar, S.; Faculty of Economics, South Asian UniversityIndia; email:
Appears in Collections:Journal Publications [HS]

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