Title:               Boone Indicator in Banking Market for Croatia
Series ID:           DDOI05HRA156NWDB
Source:              World Bank
Release:             Global Financial Development (Not a Press Release)
Seasonal Adjustment: Not Seasonally Adjusted
Frequency:           Annual
Units:               Index
Date Range:          1999-01-01 to 2014-01-01
Last Updated:        2018-09-21 1:51 PM CDT
Notes:               A measure of degree of competition based on profit-efficiency in the
                     banking market. It is calculated as the elasticity of profits to
                     marginal costs. An increase in the Boone indicator implies a
                     deterioration of the competitive conduct of financial intermediaries.
                     
                     A measure of degree of competition, calculated as the elasticity of
                     profits to marginal costs. To obtain the elasticity, the log of
                     profits (measured by return on assets) is regressed on the log of
                     marginal costs. The estimated coefficient (computed from the first
                     derivative of a trans-log cost function) is the elasticity. The
                     rationale behind the indicator is that higher profits are achieved by
                     more-efficient banks. Hence, the more negative the Boone indicator,
                     the higher the degree of competition is because the effect of
                     reallocation is stronger. Estimations of the Boone indicator in this
                     database follow the methodology used by Schaeck and Cihák 2010 with a
                     modification to use marginal costs instead of average costs. Regional
                     estimates of the Boone indicator pool the bank data by regions (for
                     more information, see Hay and Liu 1997; Boone 2001; Boone, Griffith,
                     and Harrison 2005). (Calculated from underlying bank-by-bank data from
                     Bankscope)
                     
                     Source Code: GFDD.OI.05

DATE                       VALUE
1999-01-01  -0.08545300000000000
2000-01-01  -0.10533900000000002
2001-01-01  -0.11708099999999999
2002-01-01  -0.11159100000000001
2003-01-01  -0.10614500000000000
2004-01-01  -0.10663399999999999
2005-01-01  -0.11568699999999998
2006-01-01  -0.13586700000000002
2007-01-01  -0.14189600000000000
2008-01-01  -0.12070700000000000
2009-01-01  -0.10117999999999999
2010-01-01  -0.09617400000000000
2011-01-01  -0.09092400000000000
2012-01-01  -0.08591300000000000
2013-01-01  -0.08429600000000001
2014-01-01  -0.05006900000000000