Dependent variable: Lending interest rate							Average values of significant coefficients
Model 2: Local banks
Independent variable	Weighted Least Squares		Fixed effect		Random effect
	No Lag	1 Lag	No Lag	1 Lag	No Lag	1 Lag
const	17.871**	−17.650	24.892**	−88.087*	20.458*	−35.670
il		0.282***		−0.202		0.262	0.282
id	−0.089	0.042	−0.249**	0.303	−0.199	0.279	−0.249
ras	−0.057	0.159	0.109	0.006	−0.042	−0.064
opcr	0.059	−0.020	0.143	0.102	0.065	−0.076
nplr	−0.035	0.008	−0.107*	0.116	−0.094***	−0.023	−0.101
siz	−0.018	0.151**	−0.066	0.405***	−0.054	0.192*	0.249
liqr	0.035	0.169***	0.020	0.129	0.038	0.231**	0.200
provr	−0.110	0.165	0.043	0.382	−0.017	0.159
smr	−0.815*	1.306***	−0.751	2.304**	−0.686	2.197***	1.248
rgdp	−0.043	0.702	−1.007	3.685	−0.461	2.013
infl	−0.038	0.053	−0.360**	0.360	−0.163	0.146	−0.360
itbl	−0.063	0.325**	−0.099	0.093	−0.026	0.117	0.325
HHI_AS	0.007	0.004	0.011*	0.052	0.008	0.004	0.011
Adj R²	0.068	0.727