INVESTMENT IN EDUCATION AS A KEY DETERMINANT OF AGRICULTURAL INSURANCE GROWTH
CBU International Conference on Innovation in Science and Education
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Title |
INVESTMENT IN EDUCATION AS A KEY DETERMINANT OF AGRICULTURAL INSURANCE GROWTH
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Creator |
Adzic, Sofija; University of Novi Sad
Stojic, Dragan; University of Novi Sad |
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Description |
The main objective of this paper is to examine the impact of education, on decision tu purchase insurance. We measure the impact of education both through years of formal education and capital invested in research and development. The focus is on insurance in agriculture, due to the fact that Serbia, and it's prominent province of Vojvodina possess mainly agricultural lands. We use regression method incorporating several macro-economic variables as control variables: GDP per capita, index of economic freedom, foreign direct investments and private sector credit, to name few. Main results indicate significant and positive influence of education, as the educational elasticity of demand for insurance is significantly higher than one.
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Publisher |
Central Bohemia University, o.p.s.
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Contributor |
—
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Date |
2013-06-30
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Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion — |
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Format |
application/pdf
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Identifier |
http://ojs.journals.cz/index.php/CBUConference2013/article/view/23
10.12955/cbup.2013.23 |
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Source |
CBU International Conference Proceedings; Vol 1 (2013): CBU International Conference Proceedings 2013; pp. 118-124
1805-9961 1805-997X |
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Language |
eng
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Relation |
http://ojs.journals.cz/index.php/CBUConference2013/article/view/23/26
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