Cluster determinants 

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L:\publicaties\...\2001_16.wp [PFP#811173111]
... such factors can be labelled as cluster determinants. this section analyses which cluster determinants are found in empirical analyses. however, only few empirical analyses study cluster determinants directly. this means that ... hospers show a large list of cluster determinants, but they do not show which determinants are most important. their list of cluster determinants is too long and their survey ...
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Microsoft Word - discussion164.doc
... financial soundness but also the political environment of a country. keefer (1999) finds that the determinants of financial soundness are substantially different in countries with many checks and balances compared to ... in view of the unequal distribution of the number of banks within a country, we cluster the huber-white standard errors to obtain consistent stan- dard errors.19 because our measures ...
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