Poposki, Klime and Kjosevski, Jordan and Stojanovski, Zoran (2015) The determinants of non-life insurance penetration in selected countries from South Eastern Europe. Economics and Business Review, 1 (15). pp. 20-37.
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Abstract
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.
| Item Type: | Article |
|---|---|
| Subjects: | Scientific Fields (Frascati) > Social Sciences > Economics and Business |
| Depositing User: | UKLO Mrezha |
| Date Deposited: | 27 May 2024 06:06 |
| Last Modified: | 27 May 2024 06:06 |
| URI: | https://eprints.uklo.edu.mk/id/eprint/9992 |
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