Contents
Contestability of Korean commercial banking industry / Sunghan Jo 1
Abstract 1
I. Introduction 1
II. Theoretical background 3
1. Rosse-Panzar 'H' Statistics 3
2. The Equilibrium Test and the Market Contestability 4
3. The Estimation Equation 6
III. Empirical equation for estimation 7
1. Previous Empirical Researches 7
2. The Alternative Model Specification 10
IV. Data and results of estimation 12
1. Data Description 12
2. Results of Previous Researches Estimation 14
3. Results of the Alternative Model Estimation 19
V. Summary and conclusion 27
[Appendix] 28
References 32