NOTE: THIS DATA FILE WILL CHANGE! To improve accessibility of data for all users, we will convert this file from a text format to an html table by the end of June 2024. Title: Lerner Index in Banking Market for the Democratic Republic of the Congo (DISCONTINUED) Series ID: DDOI04CDA066NWDB Source: World Bank Release: Global Financial Development (Not a Press Release) Seasonal Adjustment: Not Seasonally Adjusted Frequency: Annual Units: Index Date Range: 1996-01-01 to 2013-01-01 Last Updated: 2017-08-29 11:12 AM CDT Notes: A measure of market power in the banking market. It compares output pricing and marginal costs (that is, markup). An increase in the Lerner index indicates a deterioration of the competitive conduct of financial intermediaries. A measure of market power in the banking market. It is defined as the difference between output prices and marginal costs (relative to prices). Prices are calculated as total bank revenue over assets, whereas marginal costs are obtained from an estimated translog cost function with respect to output. Higher values of the Lerner index indicate less bank competition. Lerner Index estimations follow the methodology described in Demirgüç-Kunt and Martínez Pería (2010). (Calculated from underlying bank-by-bank data from Bankscope) Source Code: GFDD.OI.04 DATE VALUE 1996-01-01 0.143781000000000000 1997-01-01 -1.178860000000000000 1998-01-01 -1.319160000000000000 1999-01-01 -0.985781999999999900 2000-01-01 0.222046100000000020 2001-01-01 0.276808200000000060 2002-01-01 0.053429099999999990 2003-01-01 0.159729400000000000 2004-01-01 0.147478299999999980 2005-01-01 0.094455600000000000 2006-01-01 0.226336200000000020 2007-01-01 0.155073600000000000 2008-01-01 0.031373200000000004 2009-01-01 0.115854100000000020 2010-01-01 0.110782399999999990 2011-01-01 0.161897400000000000 2012-01-01 0.164937800000000000 2013-01-01 0.230233699999999990