You are not logged in.

Determinants of non-life insurance expenditure in developed and developing countries: an empirical investigation

Trinh, Tam, Nguyen, Xuan and Sgro, Pasquale 2016, Determinants of non-life insurance expenditure in developed and developing countries: an empirical investigation, Applied economics, vol. 48, no. 58, pp. 5639-5653, doi: 10.1080/00036846.2016.1181834.

Attached Files
Name Description MIMEType Size Downloads

Title Determinants of non-life insurance expenditure in developed and developing countries: an empirical investigation
Author(s) Trinh, Tam
Nguyen, Xuan
Sgro, PasqualeORCID iD for Sgro, Pasquale orcid.org/0000-0002-1450-730X
Journal name Applied economics
Volume number 48
Issue number 58
Start page 5639
End page 5653
Total pages 15
Publisher Taylor & Francis
Place of publication London, Eng.
Publication date 2016
ISSN 0003-6846
1466-4283
Keyword(s) Culture
economic freedom
global financial crisis
non-life insurance
Summary The determinants of non-life insurance expenditure in a panel data set covering 36 developed countries and 31 developing countries for the period 2000–2011 are analysed. Results of our instrumental variable analysis indicate that economic freedom, income, bank development, urbanization, culture and law systems are the key drivers of the non-life insurance expenditure across countries. However, their impacts differ significantly between the groups of developed and developing countries, suggesting that the heterogeneity among countries in terms of the level of development plays an important role. The global financial crisis is also found to influence the direction of those effects, especially in developed countries. The article yields useful policy and economic implications for governments and multinational non-life insurance companies with regard to the development of the non-life insurance sector, an important engine for economic growth and prosperity.
Language eng
DOI 10.1080/00036846.2016.1181834
Field of Research 140207 Financial Economics
140202 Economic Development and Growth
1402 Applied Economics
1502 Banking, Finance And Investment
Socio Economic Objective 910109 Savings and Investments
HERDC Research category C1 Refereed article in a scholarly journal
ERA Research output type C Journal article
Copyright notice ©2016, Elsevier
Persistent URL http://hdl.handle.net/10536/DRO/DU:30084137

Document type: Journal Article
Collection: Department of Economics
Connect to link resolver
 
Unless expressly stated otherwise, the copyright for items in DRO is owned by the author, with all rights reserved.

Versions
Version Filter Type
Citation counts: TR Web of Science Citation Count  Cited 0 times in TR Web of Science
Scopus Citation Count Cited 0 times in Scopus
Google Scholar Search Google Scholar
Access Statistics: 67 Abstract Views, 2 File Downloads  -  Detailed Statistics
Created: Wed, 22 Jun 2016, 11:23:09 EST

Every reasonable effort has been made to ensure that permission has been obtained for items included in DRO. If you believe that your rights have been infringed by this repository, please contact drosupport@deakin.edu.au.