Kjosevski, Jordan and Petkovski, Mihail (2015) THE DETERMINANTS OF NON-LIFE INSURANCE CONSUMPTION: A VECM ANALYSIS IN CENTRAL AND SOUTH-EASTERN EUROPE. Acta Oeconomica, 65 (1). pp. 107-127.
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Abstract
This study examines the determinant of non-life insurance consumption in 14 countries in Central
and South-Eastern Europe between 1995 and 2010 within a vector error correction model (VECM).
We use non-life insurance penetration as a measure for non-life insurance consumption. Empirical
results provide evidence that the number of dwellings and number of passenger cars positively and
signifi cantly infl uence non-life insurance consumption in the long run, while the existence of the
rule of law and EU membership are signifi cant in the short run.
| Item Type: | Article |
|---|---|
| Subjects: | Scientific Fields (Frascati) > Social Sciences > Economics and Business |
| Depositing User: | UKLO Mrezha |
| Date Deposited: | 27 May 2024 06:02 |
| Last Modified: | 27 May 2024 06:02 |
| URI: | https://eprints.uklo.edu.mk/id/eprint/9991 |
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