Factors influencing non-life insurance demand: case of Lithuania
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Collection:
Mokslo publikacijos / Scientific publications
Document Type:
Straipsnis / Article
Language:
Anglų kalba / English
Title:
Factors influencing non-life insurance demand: case of Lithuania
In the Journal:
Vadybos mokslas ir studijos - kaimo verslų ir jų infrastruktūros plėtrai Management theory and studies for rural business and infrastructure development, 2022, 44, 3, 244-253
Subject Category:
Summary / Abstract:
ENThis paper studies factors affecting non-life insurance demand in Lithuania. The study identified variables that are important in analyzing the demand for non-life insurance and were applied in estimating multivariate VAR, Classical Granger, and Toda-Yamamoto causalities. Lithuania’s case showed three significant causal relationships: positive - between non-life insurance demand and inflation and loss probability, negative - between density and short-term interest rate. Loss probability and short-term interest rate have been shown to be significant across all models. Inflation was deemed to be the effect of shift in demand rather than the cause. Keywords: non-life insurance demand, VAR, Granger Causality.
DOI:
10.15544/mts.2022.25
ISSN:
1822-6760; 2345-0355
Subject:
Related Publications:
Cross-country correlation: case of the Baltic States. Pinigų studijos 2015, 2, 95-105.
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https://www.lituanistika.lt/content/100590
Updated:
2025-02-21 14:32:39
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