Penikas, Henry; Petrova, Anastasia - In: International Journal of Computational Economics and … 4 (2014) 1/2, pp. 112-129
This paper represents an empirical research of the growth process in the Russian banking sector during 2004-2010 years. The growth process is modelled by Markov chains. Nine states were used to describe the growth process. Markov chain stationarity check revealed three homogeneous periods. The...
