IDEAS home Printed from https://ideas.repec.org/a/taf/oabmxx/v6y2019i1p1707609.html
   My bibliography  Save this article

The impact of human development on the Romanian life insurance market: A county spatial econometric analysis

Author

Listed:
  • Codruța Mare
  • Simona Laura Dragoș
  • Ingrid-Mihaela Dragotă

Abstract

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.

Suggested Citation

  • Codruța Mare & Simona Laura Dragoș & Ingrid-Mihaela Dragotă, 2019. "The impact of human development on the Romanian life insurance market: A county spatial econometric analysis," Cogent Business & Management, Taylor & Francis Journals, vol. 6(1), pages 1707609-170, January.
  • Handle: RePEc:taf:oabmxx:v:6:y:2019:i:1:p:1707609
    DOI: 10.1080/23311975.2019.1707609
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/23311975.2019.1707609
    Download Restriction: Access to full text is restricted to subscribers.

    File URL: https://libkey.io/10.1080/23311975.2019.1707609?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Tudorache, Maria-Daniela, 2021. "Development in Romania during the post-crisis period: A human, economic and social perspective," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 28(3(628)), pages 15-32.
    2. Patricia Born & Douglas Bujakowski, 2022. "Insurance research in Central, Eastern, and Southeastern Europe: What we can learn from XPRIMM data," Risk Management and Insurance Review, American Risk and Insurance Association, vol. 25(2), pages 219-231, June.
    3. Gabriela Mihaela Mure?an & Cristian Mihai Dragos & Codru?a Mare & Simona Laura Dragos & Alexandra Pintea, 2021. "Socio-Economic and Macro-Financial Determinants and Spatial Effects on European Private Health Insurance Markets," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 23(56), pages 290-290, February.
    4. Maria-Daniela TUDORACHE, 2021. "Development in Romania during the post-crisis period: A human, economic and social perspective," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(3(628), A), pages 15-32, Autumn.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:oabmxx:v:6:y:2019:i:1:p:1707609. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://cogentoa.tandfonline.com/OABM20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.