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Liczba wyników
2015 | 1 (15) | nr 3 | 20--37
Tytuł artykułu

The Determinants of Non-life Insurance Penetration in Selected Countries from South Eastern Europe

Treść / Zawartość
Warianty tytułu
Języki publikacji
EN
Abstrakty
EN
This study examines the determinants of non-life insurance penetration in 8 countries from South Eastern Europe (SEE), during the period 1995-2011, applying a panel vector error correction model (PVECM). This model will help us to identify the most important determinants of non-life insurance penetration in selected SEE countries. As a measure for non-life insurance demand we used non-life insurance penetration. Empirical results provided the evidence that the number of passenger cars per 1,000 people, GDP per capita and rule of law positively and significantly influence the non-life insurance penetration. The results also indicate that when the non-life insurance penetration deviates from its long-run equilibrium the speed of adjustment will subsequently bring it back to the equilibrium level, which in our case will take almost 1 year.(original abstract)
Rocznik
Tom
Numer
Strony
20--37
Opis fizyczny
Twórcy
  • University St. Kliment Ohridski, Republic of Macedonia
  • Insurance Supervision Agency of the Republic of Macedonia
  • Independent researcher
Bibliografia
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Typ dokumentu
Bibliografia
Identyfikatory
Identyfikator YADDA
bwmeta1.element.ekon-element-000171402409

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