DETERMINANTS OF NONLIFE INSURANCE MARKET ATTRACTIVENESS FOR FOREIGN INVESTMENTS: EASTERN EUROPEAN EVIDENCEReport as inadecuate




DETERMINANTS OF NONLIFE INSURANCE MARKET ATTRACTIVENESS FOR FOREIGN INVESTMENTS: EASTERN EUROPEAN EVIDENCE - Download this document for free, or read online. Document in PDF available to download.

Economic research - Ekonomska istraživanja, Vol.25 No.2 June 2012. -

The aim of this paper is to investigate

factors that influence the attractiveness

of nonlife insurance market for foreign

insurers in Eastern Europe. We use

country-specific effects models for panel data that

covers fifteen countries during the period 2004-

2009, allowing each cross-sectional unit to have a

different intercept term serving as an unobserved

variable that is potentially correlated with the observed

regressors. The research results indicate

that the main forces affecting market attractiveness

are insurance demand, entry barriers, market

concentration and the return on investment.

These findings provide significant implications

for local governments and for both foreign and

domestic insurers.

Globalization; Non-life insurance; Market attractiveness; East Europe



Author: VLADIMIR NJEGOMIR - DRAGAN STOJIĆ -

Source: http://hrcak.srce.hr/



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