The Impact of the Insurance Sector on Economic Growth in the Republic of Macedonia

Topuzoska, Slagjana and Mecheski, Stevcho and Joldeska, Irina (2018) The Impact of the Insurance Sector on Economic Growth in the Republic of Macedonia. International Scientific Journal of Economic Sciences, 10 (1). pp. 498-506. ISSN 1800-9794

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Abstract

The purpose of this paper is to perceive the impact of insurance on economic growth in the Republic of Macedonia. Theoretically, it will be stated how economic growth is influenced through the insurance. Through tabular and graphic displays for the period from 2011 to 2016, sub-data on the number of policies sold, gross policed premium (total gross policed premium and separate gross policed premium for life and non-life insurance), degree of penetration, insurance density and Herfindahl index. Through those data, the impact of insurance on economic growth in Macedonia will be examined. The final observations will indicate whether the impact is at a satisfactory level and how economic growth would increase through the action of the insurance sector.

Item Type:	Article
Uncontrolled Keywords:	Insurance, Economic growth, Penetration rate, Insurance density
Subjects:	Scientific Fields (Frascati) > Social Sciences > Economics and Business Scientific Fields (Frascati) > Social Sciences > Other social sciences
Divisions:	Faculty of Tourism and Hospitality
Depositing User:	Prof. d-r Irina Joldeska
Date Deposited:	26 Jan 2023 11:47
Last Modified:	06 Feb 2023 00:46
URI:	https://eprints.uklo.edu.mk/id/eprint/7649

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