Dependent variable: Lending interest rate | Average values of significant coefficients | ||||||
Model 1: All banks | |||||||
Independent variable | Weighted Least Squares | Fixed effect | Random effect | ||||
No Lag | 1 Lag | No Lag | 1 Lag | No Lag | 1 Lag | ||
const | 15.944*** | 12.505* | 22.466** | 6.656 | 17.938** | 8.543 | |
il | −0.077 | −0.497* | −0.108 | −0.497 | |||
id | 0.243*** | −0.142 | 0.269* | 0.311 | 0.254** | −0.281 | 0.255 |
ras | 0.089 | 0.277*** | 0.074 | 0.144 | 0.109*** | 0.251 | 0.109 |
opcr | 0.332*** | 0.111** | 0.334*** | 0.268* | 0.364 | 0.074 | 0.261 |
nplr | 0.012 | 0.094*** | −0.022 | 0.027 | −0.021 | 0.091 | 0.094 |
siz | 0.023 | −0.226*** | −0.026 | −0.159 | 0.009 | −0.349*** | −0.575 |
liqr | −0.053** | 0.021 | −0.05 | −0.018 | −0.041 | 0.001 | −0.053 |
provr | −0.026 | 0.005 | −0.027 | −0.031 | −0.012*** | 0.005 | −0.012 |
smr | −1.120*** | 0.148 | −1.387** | 0.734 | −1.560 | 0.155 | −1.254 |
rgdp | −0.289 | 0.853 | −0.170 | 1.142 | −0.344 | 1.269 | |
infl | −0.151 | 0.372*** | −0.122 | 0.291 | −0.129 | 0.492** | 0.432 |
itbl | 0.030 | −0.197** | 0.040 | −0.263 | 0.059** | −0.217 | −0.069 |
HHI_AS | 0.010** | −0.005 | 0.004 | −0.002 | 0.012 | −0.001 | 0.010 |
Adj R2 | 0.241 | 0.207 | |||||
F-stastic | 10.346*** | 4.685*** | F(12, 59) = 4.252*** | F(13, 52) = 2.465** | |||
Null hypothesis | Groups common intercept: Welch F(59, 91.1) = 0.818; p-value = 0.794 | Groups common intercept: Welch F(52, 44.8) = 1.392; p-value = 0.129 | 1) Breusch-Pagan test: Unit-specific error variance = 0; Chi-square (1) = 0.0002, p-value 0.988. Hausman test: GLS estimates are consistent; Chi-square (12) = 26.99, p-value 0.008 | 1) Breusch-Pagan test: Unit-specific error variance = 0; Chi-square (1) = 4.277, p-value 0.039. Hausman test: GLS estimates are consistent; Chi-square (13) = 49.958, p-value 0.000 |