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Title:               Lerner Index in Banking Market for Panama
Series ID:           DDOI04PAA066NWDB
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 2014-01-01
Last Updated:        2018-09-21 1:51 PM 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  0.19617400000000000
1997-01-01  0.18400100000000000
1998-01-01  0.31411700000000000
1999-01-01  0.38564000000000000
2000-01-01  0.43500700000000000
2001-01-01  0.37005000000000000
2002-01-01  0.43094000000000000
2003-01-01  0.38366800000000000
2004-01-01  0.36250400000000000
2005-01-01  0.33053299999999997
2006-01-01  0.28731500000000000
2007-01-01  0.32624300000000000
2008-01-01  0.31702100000000000
2009-01-01  0.32425300000000000
2010-01-01  0.34006000000000000
2011-01-01  0.35338400000000003
2012-01-01  0.37346300000000000
2013-01-01  0.33004100000000000
2014-01-01  0.33842700000000000