The impact of human development on the Romanian life insurance market: A county spatial econometric analysis
This work adds to the debate on the determinants of the demand for life insurance providing new insights for the unexplored Romanian market, and the new perspective of spatial econometric analysis. Results show that there are spatial interactions between the Romanian counties regarding the life insu...
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Taylor & Francis Group
2019
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oai:doaj.org-article:e987d6a9f7cf41d29622455548cb11362021-12-02T18:31:21ZThe impact of human development on the Romanian life insurance market: A county spatial econometric analysis2331-197510.1080/23311975.2019.1707609https://doaj.org/article/e987d6a9f7cf41d29622455548cb11362019-01-01T00:00:00Zhttp://dx.doi.org/10.1080/23311975.2019.1707609https://doaj.org/toc/2331-1975This work adds to the debate on the determinants of the demand for life insurance providing new insights for the unexplored Romanian market, and the new perspective of spatial econometric analysis. Results show that there are spatial interactions between the Romanian counties regarding the life insurance density, positively and significantly conditioned by the level of the local human development. The latter is included in the analysis in the form of the Local Human Development Index (LHDI) developed and computed for the Romanian counties and update for this study. The spatial econometrics regression models emphasize significant diffusion and contagion processes on the local Romanian life insurance market. We also identified a significant positive impact of income, urbanization and medical staff over the life insurance demand.Codruța MareSimona Laura DragoșIngrid-Mihaela DragotăTaylor & Francis Grouparticlelife insurance marketlocal human developmentcounty spatial processesBusinessHF5001-6182Management. Industrial managementHD28-70ENCogent Business & Management, Vol 6, Iss 1 (2019) |
| institution |
DOAJ |
| collection |
DOAJ |
| language |
EN |
| topic |
life insurance market local human development county spatial processes Business HF5001-6182 Management. Industrial management HD28-70 |
| spellingShingle |
life insurance market local human development county spatial processes Business HF5001-6182 Management. Industrial management HD28-70 Codruța Mare Simona Laura Dragoș Ingrid-Mihaela Dragotă The impact of human development on the Romanian life insurance market: A county spatial econometric analysis |
| description |
This work adds to the debate on the determinants of the demand for life insurance providing new insights for the unexplored Romanian market, and the new perspective of spatial econometric analysis. Results show that there are spatial interactions between the Romanian counties regarding the life insurance density, positively and significantly conditioned by the level of the local human development. The latter is included in the analysis in the form of the Local Human Development Index (LHDI) developed and computed for the Romanian counties and update for this study. The spatial econometrics regression models emphasize significant diffusion and contagion processes on the local Romanian life insurance market. We also identified a significant positive impact of income, urbanization and medical staff over the life insurance demand. |
| format |
article |
| author |
Codruța Mare Simona Laura Dragoș Ingrid-Mihaela Dragotă |
| author_facet |
Codruța Mare Simona Laura Dragoș Ingrid-Mihaela Dragotă |
| author_sort |
Codruța Mare |
| title |
The impact of human development on the Romanian life insurance market: A county spatial econometric analysis |
| title_short |
The impact of human development on the Romanian life insurance market: A county spatial econometric analysis |
| title_full |
The impact of human development on the Romanian life insurance market: A county spatial econometric analysis |
| title_fullStr |
The impact of human development on the Romanian life insurance market: A county spatial econometric analysis |
| title_full_unstemmed |
The impact of human development on the Romanian life insurance market: A county spatial econometric analysis |
| title_sort |
impact of human development on the romanian life insurance market: a county spatial econometric analysis |
| publisher |
Taylor & Francis Group |
| publishDate |
2019 |
| url |
https://doaj.org/article/e987d6a9f7cf41d29622455548cb1136 |
| work_keys_str_mv |
AT codrutamare theimpactofhumandevelopmentontheromanianlifeinsurancemarketacountyspatialeconometricanalysis AT simonalauradragos theimpactofhumandevelopmentontheromanianlifeinsurancemarketacountyspatialeconometricanalysis AT ingridmihaeladragota theimpactofhumandevelopmentontheromanianlifeinsurancemarketacountyspatialeconometricanalysis AT codrutamare impactofhumandevelopmentontheromanianlifeinsurancemarketacountyspatialeconometricanalysis AT simonalauradragos impactofhumandevelopmentontheromanianlifeinsurancemarketacountyspatialeconometricanalysis AT ingridmihaeladragota impactofhumandevelopmentontheromanianlifeinsurancemarketacountyspatialeconometricanalysis |
| _version_ |
1718378013100343296 |