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Impact Of Insurance On Economic Growth: The Case Of Republic Of Macedonia

European Journal of Business and Economics

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Field Value
 
Title Impact Of Insurance On Economic Growth: The Case Of Republic Of Macedonia
 
Creator Kjosevski, Jordan
 
Subject Insurance, Macedonia, Economic Growth
C23, E44, G22, O11, O16
 
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.
 
Publisher CBU, o.p.s.
 
Contributor
 
Date 2012-03-01
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier https://ojs.journals.cz/index.php/EJBE/article/view/154
10.12955/ejbe.v4i0.154
 
Source European Journal of Business and Economics; Vol 4 (2012)
1804-9699
10.12955/ejbe.v4i0
 
Language eng
 
Relation https://ojs.journals.cz/index.php/EJBE/article/view/154/158
 
Rights Copyright (c) 2012 Jordan Kjosevski
https://creativecommons.org/licenses/by/3.0/