Measurement and Analysis of the Competitiveness of China Commercial Bank’s Loan Market

Table 5

Estimated values.

Year	Average loan interest rate			Marginal cost of loan			Lerner Index
	All	State-owned	Share-holding	All	State-owned	Share-holding	All	State-owned	Share-holding
2008	0.0545	0.0542	0.0547	0.0468	0.0456	0.0481	0.3585	0.3529	0.3666
2009	0.0567	0.0563	0.0576	0.0503	0.0458	0.0548	0.3513	0.3460	0.3547
2010	0.0593	0.0587	0.0596	0.0474	0.0458	0.0489	0.4122	0.4097	0.4155
2011	0.0665	0.0664	0.0673	0.0600	0.0625	0.0575	0.3750	0.3692	0.3816
2012	0.0614	0.0606	0.0615	0.0444	0.0445	0.0442	0.3578	0.3577	0.3627
2013	0.0602	0.0597	0.0610	0.0564	0.0557	0.0572	0.3502	0.3488	0.3575
2014	0.0587	0.0579	0.0591	0.0477	0.0440	0.0514	0.3487	0.3452	0.3556
2015	0.0462	0.0457	0.0465	0.0334	0.0398	0.0270	0.3575	0.3542	0.3606