Since 2014
Impact Of Insurance On Economic Growth: The Case Of Republic Of Macedonia
European Journal of Business and Economics
View Archive Info| Field | Value | |
| Title |
Impact Of Insurance On Economic Growth: The Case Of Republic Of Macedonia
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| Creator |
Kjosevski, Jordan
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| Subject |
Insurance, Macedonia, Economic Growth
C23, E44, G22, O11, O16 |
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| Description |
The purpose of this paper is to examine the impact of insurance and economic growth, with empirical analysis for the Republic of Macedonia. We apply multiple regression and control for other relevant determinants of economic growth. The analysis used data for the period 1995 - 2010. In order to solve the model in the analysis will use the technique of least squares, followed by analysis of variability in order to identify the effects of each variable. Insurance development is measured by insurance penetration (insurance premiums in percentage of GDP). We used three different insurance variables - life insurance, non-life insurance and total insurance penetration. According to our findings, insurance sector development positively and significantly affects economic growth. The results are confirmed in terms of non-life insurance, and, total insurance, while the results show that life insurance negatively affect economic growth.
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| Publisher |
CBU, o.p.s.
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| Contributor |
—
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| Date |
2012-03-01
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-reviewed Article |
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| Format |
application/pdf
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| Identifier |
https://ojs.journals.cz/index.php/EJBE/article/view/154
10.12955/ejbe.v4i0.154 |
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| Source |
European Journal of Business and Economics; Vol 4 (2012)
1804-9699 10.12955/ejbe.v4i0 |
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| Language |
eng
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| Relation |
https://ojs.journals.cz/index.php/EJBE/article/view/154/158
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| Rights |
Copyright (c) 2012 Jordan Kjosevski
https://creativecommons.org/licenses/by/3.0/ |
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