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336.71.078.3(478) (14) |
Money. Monetary system. Banking. Stock exchanges (787) |
![]() FUIOR, Elena, BEJENAR, Natalia. Assessing competition in banking sector of Moldova using Panzar - Rosse approach. In: Journal of Research on Trade, Management and Economic Development, 2018, nr. 1(9), pp. 106-115. ISSN 2345-1424. |
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Journal of Research on Trade, Management and Economic Development | ||||||
Numărul 1(9) / 2018 / ISSN 2345-1424 /ISSNe 2345-1483 | ||||||
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CZU: 336.71.078.3(478) | ||||||
JEL: G 21, D43, C23 | ||||||
Pag. 106-115 | ||||||
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Rezumat | ||||||
It is well known that the role of competition is to stimulate rivalry among participants in order to enhance progress and welfare of population. Improving competition in the Moldovan banking sector will have a positive effect on the quality and prices of banking services, making the activity of the financial system more efficient, which in turn will contribute significantly to country’s economic growth. In the context of the European integration objective and liberalization of financial services trade with the European Union, the analysis of the level of competition in the Moldovan banking sector is necessary in order to improve the activity of the banking sector. In addition, knowing the level of competition will facilitate the process of harmonization of the legislation in the field of financial system and competition. In this article, we used the Panzar-Rosse approach, a non-structural method, to measure competition in the banking industry. This model involves measuring competition based on a simplified income function, which aims to calculate the elasticity of bank incomes to the prices of factors of production: funds, labor and capital. This method focuses on the individual behavior of each commercial bank, which is an indicator of market power |
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Cuvinte-cheie Competition, banking sector, Panzar-Rosse approach, market structure |
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Cerif XML Export
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Improving competition in the Moldovan banking sector will have a positive effect on the quality and prices of banking services, making the activity of the financial system more efficient, which in turn will contribute significantly to country’s economic growth. In the context of the European integration objective and liberalization of financial services trade with the European Union, the analysis of the level of competition in the Moldovan banking sector is necessary in order to improve the activity of the banking sector. In addition, knowing the level of competition will facilitate the process of harmonization of the legislation in the field of financial system and competition. In this article, we used the Panzar-Rosse approach, a non-structural method, to measure competition in the banking industry. This model involves measuring competition based on a simplified income function, which aims to calculate the elasticity of bank incomes to the prices of factors of production: funds, labor and capital. This method focuses on the individual behavior of each commercial bank, which is an indicator of market power</em></p></cfAbstr> <cfAbstr cfLangCode='RO' cfTrans='o'><p>Este binecunoscut că rolul concurenței este de a stimula rivalitatea între participanți pentru a spori progresul și bunăstarea populației. Îmbunătățirea concurenței în sectorul bancar moldovenesc va avea un efect pozitiv asupra calității și prețurilor serviciilor bancare, eficientizînd activitatea sistemului financiar care va contribui semnificativ la creșterea economică a țării. În contextul obiectivului de integrare europeană și liberalizarea comerțului de servicii financiare cu Uniunea Europeană, analiza nivelului concurenței în sectorul bancar este o necesitate în vederea îmbunătățirii activității sectorului și facilitării procesului de armonizare a legislației în domeniul sectorului financiar-bancar și concurențial. În articolul dat am utilizat o metodă nestructurală de măsurare a concurenței în industria bancară, abordarea Panzar-Rosse. Acest model presupune măsurarea concurenței în baza unei funcții reduse a veniturilor care are scopul de a calcula elasticitatea veniturilor bancare la prețurile factorilor de producție: capital, muncă și active fixe. Această metodă pune accent pe comportamentul individual al băncilor comerciale, care este un indicator al puterii de piață.</p></cfAbstr> <cfAbstr cfLangCode='RU' cfTrans='o'><p>Хорошо известно, что роль конкуренции заключается в том, чтобы стимулировать соперничество между участниками для поддержания прогресса и благосостояния населения. Улучшение конкуренции в банковском секторе Молдовы окажет положительное влияние на качество и цены банковских услуг, повысит эффективность деятельности финансовой системы, что внесет значительный вклад в экономический рост страны. В контексте цели европейской интеграции и либерализации финансовых услуг с Европейским Союзом анализ уровня конкуренции в банковском секторе является необходимостью в улучшении деятельности сектора и облегчении процесса гармонизации законодательства в банковской сфере и конкуренции. В этой статье мы использовали неструктурный метод измерения конкуренции в банковской отрасли, подход Панзар-Россе. Эта модель включает измерение конкуренции на основе сокращенной функции дохода, предназначенной для расчета эластичности банковских доходов по ценам на ресурсы: капитал, труд и основные средства. Этот метод фокусируется на индивидуальном поведении коммерческих банков, что является показателем рыночной власти.</p></cfAbstr> <cfResPubl_Class> <cfClassId>eda2d9e9-34c5-11e1-b86c-0800200c9a66</cfClassId> <cfClassSchemeId>759af938-34ae-11e1-b86c-0800200c9a66</cfClassSchemeId> <cfStartDate>2018-08-01T24:00:00</cfStartDate> </cfResPubl_Class> <cfResPubl_Class> <cfClassId>e601872f-4b7e-4d88-929f-7df027b226c9</cfClassId> <cfClassSchemeId>40e90e2f-446d-460a-98e5-5dce57550c48</cfClassSchemeId> <cfStartDate>2018-08-01T24:00:00</cfStartDate> </cfResPubl_Class> <cfPers_ResPubl> <cfPersId>ibn-person-17127</cfPersId> <cfClassId>49815870-1cfe-11e1-8bc2-0800200c9a66</cfClassId> <cfClassSchemeId>b7135ad0-1d00-11e1-8bc2-0800200c9a66</cfClassSchemeId> <cfStartDate>2018-08-01T24:00:00</cfStartDate> </cfPers_ResPubl> <cfPers_ResPubl> <cfPersId>ibn-person-58018</cfPersId> <cfClassId>49815870-1cfe-11e1-8bc2-0800200c9a66</cfClassId> <cfClassSchemeId>b7135ad0-1d00-11e1-8bc2-0800200c9a66</cfClassSchemeId> <cfStartDate>2018-08-01T24:00:00</cfStartDate> </cfPers_ResPubl> </cfResPubl> <cfPers> <cfPersId>ibn-Pers-17127</cfPersId> <cfPersName_Pers> <cfPersNameId>ibn-PersName-17127-3</cfPersNameId> <cfClassId>55f90543-d631-42eb-8d47-d8d9266cbb26</cfClassId> <cfClassSchemeId>7375609d-cfa6-45ce-a803-75de69abe21f</cfClassSchemeId> <cfStartDate>2018-08-01T24:00:00</cfStartDate> <cfFamilyNames>Fuior</cfFamilyNames> <cfFirstNames>Elena</cfFirstNames> </cfPersName_Pers> </cfPers> <cfPers> <cfPersId>ibn-Pers-58018</cfPersId> <cfPersName_Pers> <cfPersNameId>ibn-PersName-58018-3</cfPersNameId> <cfClassId>55f90543-d631-42eb-8d47-d8d9266cbb26</cfClassId> <cfClassSchemeId>7375609d-cfa6-45ce-a803-75de69abe21f</cfClassSchemeId> <cfStartDate>2018-08-01T24:00:00</cfStartDate> <cfFamilyNames>Bejenar</cfFamilyNames> <cfFirstNames>Natalia</cfFirstNames> </cfPersName_Pers> </cfPers> </CERIF>