Dependent variable: Lending interest rate | Average values of significant coefficients | ||||||
Model 3: Foreign banks | |||||||
Independent variable | Weighted Least Squares | Fixed effect | Random effect | ||||
No Lag | 1 Lag | No Lag | 1 Lag | No Lag | 1 Lag | ||
const | 8.048 | −4.211 | 13.095 | −5.519 | 14.033 | −0.330 | |
il | −0.013 | −0.038 | −0.010 | ||||
id | 0.534*** | 0.256* | 0.583*** | 0.203 | 0.564*** | 0.124 | 0.484 |
ras | 0.220** | 0.084 | 0.233 | 0.106 | 0.244** | 0.124 | 0.232 |
opcr | 0.652*** | 0.292*** | 0.746*** | 0.262** | 0.760*** | 0.275** | 0.498 |
nplr | 0.034 | −0.078** | 0.042 | −0.046 | 0.041 | −0.070* | −0.074 |
siz | 0.007 | −0.095 | −0.028 | −0.159 | −0.025 | −0.151 | |
liqr | −0.083*** | −0.051 | −0.105*** | −0.048 | −0.104*** | −0.052 | −0.097 |
provr | −0.050** | −0.078*** | −0.056*** | −0.068*** | −0.053* | −0.070*** | |
smr | −1.608*** | −0.028 | −1.956*** | −0.033 | −1.987*** | 0.039 | −1.850 |
rgdp | 0.035 | −0.493 | −0.202 | −0.476 | −0.173 | −0.663 | |
infl | −0.134 | −0.225 | −0.167 | −0.238 | −0.155 | −0.242 | |
itbl | 0.096 | −0.185 | 0.113 | −0.060 | 0.103 | −0.171 | |
HHI_AS | 0.015*** | 0.026*** | 0.014** | 0.027*** | 0.013** | 0.024*** | 0.020 |
Adj R2 | 0.387 | 0.284 | |||||
F-stastic | 13.420*** | 5.214*** | F(12, 29) = 10.222*** | F(13, 29) = 5.213*** | |||
Null hypothesis | Groups common intercept: Welch F(29, 27.2) = 0.556; p-value = 0.959 | Groups common intercept: Welch F(29, 33.2) = 0.909; p-value = 0.599 | 1) Breusch-Pagan test: Unit-specific error variance = 0; Chi-square (1) = 2.146, p-value 0.142. Hausman test: GLS estimates are consistent; Chi-square (12) = 1.408, p-value 0.999 | 1) Breusch-Pagan test: Unit-specific error variance = 0; Chi-square (1) = 1.580; p-value 0.0.208; Hausman test: GLS estimates are consistent; Chi-square (13) = 12.898, p-value 0.455 |